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Contribution of industry to national economy?
The industry contributes to the national economy by creating things for consumption.
Who does economy involve?
Economy involves Production, Exchange, Distribution, and Consumption of Goods
How can one determine the level of autonomous consumption in an economy?
One can determine the level of autonomous consumption in an economy by analyzing the amount of spending that occurs regardless of changes in income or other factors. This can be calculated by looking at the baseline level of consumption that occurs even when income is zero, and then comparing it to the total consumption in the economy.
What is a Industrial based economy?
an economy based on industry
Why should the middle men be encouraged in your economy?
From a government's point of view, middle men should be encouraged to increase the amount of money changing hands within the economy, thereby inflating the gross national product of the country.
Contribution of industry to national economy?
The industry contributes to the national economy by creating things for consumption.
How does a mixed economy work in Ireland?
Basically, private ownership is allowed and encouraged- especially in industry and trade- but the government likes to look out for its citizens and give them services and projects that contribute to the good of society.Read about the Irish economy in the related link.
What is the definition of economies?
Economy is thrifty management; frugality in the expenditure or consumption of money, materials, etc. Economy is also the system of production and distribution and consumption.
Who does economy involve?
Economy involves Production, Exchange, Distribution, and Consumption of Goods
How can one determine the level of autonomous consumption in an economy?
One can determine the level of autonomous consumption in an economy by analyzing the amount of spending that occurs regardless of changes in income or other factors. This can be calculated by looking at the baseline level of consumption that occurs even when income is zero, and then comparing it to the total consumption in the economy.
How did president Reagan buildup of Americas weapons contribute to the fall of communism?
it weakend the soviet economy and encouraged mikhail gorbachev to promte reform in the Soviet Union
What is a Industrial based economy?
an economy based on industry
The fast-growing national rail system encouraged the expansion of the?
economy!!
How did british navigation acts most affect the economy of new England?
They encouraged colonists to build ships.
What is the difference between firm and industry?
An industry is a type of business in the economy while a firm is a unit or entity carrying a portion of the business in an economy.
What determines consumption and investment in the long run model of economics?
the health of the economy institutional base of the economy
Why should the middle men be encouraged in your economy?
From a government's point of view, middle men should be encouraged to increase the amount of money changing hands within the economy, thereby inflating the gross national product of the country.
