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The industry contributes to the national economy by creating things for consumption.
Economy involves Production, Exchange, Distribution, and Consumption of Goods
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.
an economy based on industry
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.
The industry contributes to the national economy by creating things for consumption.
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.
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.
Economy involves Production, Exchange, Distribution, and Consumption of Goods
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.
it weakend the soviet economy and encouraged mikhail gorbachev to promte reform in the Soviet Union
an economy based on industry
economy!!
They encouraged colonists to build ships.
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.
the health of the economy institutional base of the 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.