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Does Germany have a free market economy?
Germany has a free market economy to a great extent. The country has a social market which operates on the principles of a free market economy.
The first nation to build its economy on capitalism was who?
The first nation to build its economy on capitalism was Great Britain. Laws were changed to allow free trade in England and elsewhere in Great Britain.
Why did the Great Crash represent a hallmark in the U.S. business cycle?
The Great Crash signaled a severe contraction of the economy.
Does Great Britain has some elements of a socialist economy?
There is no such thing as a Socialist economy. Socialism means no wages or prices or money, hence no economics. The UK is capitalist.
How does command economy and market economy differ?
Central Planning: A centrally planned economy relies on a party in power to decide what resources should be allocated to various demands as they see fit.Free Market: A free market economy relies on prices to determine where demand should be filled and to what extent.Because of these differences, an economy that is centrally planned is usually inefficient in their allocation of resources to each market. They decide beforehand which areas will get resources, restricting the supply and setting a price with no knowledge about the consumer's choice.A free market is much more adaptable, using price as a communicator, supply, demand and price interact to form equilibriums that satisfy market clearing outcomes. This system is much more efficient in that the people who value the goods most are able to get them. This is the idea, it doesn't always work perfectly.
Does Germany have a free market economy?
Germany has a free market economy to a great extent. The country has a social market which operates on the principles of a free market economy.
Which civilizations economy was similar to that of the Phoenicians?
Great Britain.
The first nation to build its economy on capitalism was who?
The first nation to build its economy on capitalism was Great Britain. Laws were changed to allow free trade in England and elsewhere in Great Britain.
Who was the first to build it's economy on capitalism?
The first nation to build its economy on capitalism was Great Britain. Laws were changed to allow free trade in England and elsewhere in Great Britain.
How will the 2012 Olympics benefit Great Britain?
It will benifit Great Britain by having al the people or tourists will come and buy things and this will help Britain economy.
What drastic measures did France and great Britain take to stabilize their economy?
When
Was the economy in great Britain strong before World War 1?
no
What is the economy of Jordan like?
It is a free-market economy. The economy is not all that great though. There are still a lot of poor people.
What strategy was used by Great Britain to put Germany's economy to a standstill during World War 1?
Great Britain used bombs
What has the author Alastair Revio written?
Alastair Revio has written: 'The last command' -- subject(s): British Aerial operations, Great Britain, Great Britain. Royal Air Force. Bomber Command, World War, 1939-1945
Why was India great Britain's most important colony?
Because it provided the most resources and was the biggest market for goods made in Great Britain
Is Great Britain a mixed economy?
yes great Britain has mixed economy(more in past than now). The economy is mixed because business are allowed to decide how they control their finances and transport is owned by coropations but services like health care and education are paid for by the government.
