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What is the difference between a mercantile system and a free enterprise system?
Capitalism allows businesses to operate without regulation, while mercantilism is based on strict government control over economies. [APEX]
What are the economies of all cultures based on?
Economies of most, but not all, cultures are based on some type of currency (money). Economies could also be based on barter, gold, etc.
Who experiences globalisation?
Globalization is experienced by individuals, businesses, and nations worldwide, as it encompasses the interconnectedness of economies, cultures, and societies. People encounter globalization through the exchange of ideas, goods, and services across borders, while businesses operate in a global marketplace. Additionally, countries engage in international trade, investment, and cultural exchange, influencing local economies and lifestyles. Ultimately, globalization affects everyone, though the impact may vary based on location and socio-economic conditions.
Is the economies of latin American nations have been based largely upon exporting raw materials and importing finished goods making them dependent upon economic success is true or false?
True
How successful were new african nations that tried to develop by creating command economies?
Command economies rely on a central government. This is in direct opposition to Laissez-Faire Economics which supports a free market. Based on various factors, including a lack elected officials with sufficient economic expertise, corruption and a lack of technical training, support and adequate infrastructure, these command economies have failed to produce good results.
What is an industuralized nation?
An industrialized nation is a country that has undergone significant economic development, primarily characterized by a shift from agrarian economies to those based on manufacturing and industry. These nations typically have advanced technological infrastructure, high standards of living, and diverse economies that include various sectors such as services and technology. Industrialized nations often exhibit high levels of urbanization, education, and investment in innovation, contributing to their overall economic growth and stability.
Countries with little industry are called?
Countries with little industry are often referred to as "developing countries" or "less industrialized countries." These nations typically have economies that rely more heavily on agriculture or natural resource extraction rather than manufacturing or technology-based industries.
What is the difference between a mercantile system and a free enterprise system?
Capitalism allows businesses to operate without regulation, while mercantilism is based on strict government control over economies. [APEX]
What has the European union promoted the establishment of socialist economies in member nations?
This question is based on a false premise. The European union has not promoted the establishment of socialist economies in member nations. There are no members of the European Union which have socialist economies. All members have capitalist economies.
How industrialization relates to education?
Industrialized countries require more educated workers to operate machines, etc. An agrarian economy (one based on agriculture) requires more people working more hours in unskilled labour so it is more important for farm workers to be out working in the field and workers in industrialized nations to be in school as well as working.
Before World War 2 the economies of many Eastern European nations were based primarily on?
agricultural production
How did European nations benefit from marshall plan?
The Marshall Plan allowed nations to rebuild their economies and infrastructure based on low-cost or no-cost American loans and material.
What are the economies of all cultures based on?
Economies of most, but not all, cultures are based on some type of currency (money). Economies could also be based on barter, gold, etc.
Which society is currently in a transition phase from agrarian to industrial?
Many societies in developing countries are currently in a transition phase from agrarian to industrial economies. Countries such as India, China, and various African nations are experiencing rapid industrialization and urbanization as they shift from agricultural-based economies to manufacturing and service-based industries.
What does industrialized mean?
Industrialized can be defined as an economy that is based on manufacturing as opposed to an agricultural economy based on farmlands & farm products. The leading economic countries are industialized.
Which wave of women's movements focused on the problems of women in the Least Industrialized Nations?
The fourth wave of feminism is the wave that focuses on the issues of women in the Least Industrialized Nations. This wave aims to address global issues such as gender inequality, poverty, access to education, and healthcare for women in these regions. It emphasizes the intersectionality of gender with other forms of oppression based on race, class, and nationality.
When did Europe start developing economies based on slavery?
Europe started to develop economies based slavery in the late 15th century.
