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The individual who brings together economic resources and assumes the risk in a capitalist economy is called the............?
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∙ 11y ago
Entrepreneur.
Wiki User
∙ 11y ago
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Economic resources in the capitalist system are brought together by..................?
Entrepreneur's.
Economic resources in the capitalist system are brought together by who?
government units
Is a capitalist economic system compatible with a democratic political system?
A democratic political system is compatible with any economic system that the majority of the voters like. At the present time we have no pure capitalist systems, we have mixed systems, which include some elements of the free market, and some elements of socialism. Even so, the economy of the US is largely capitalist in nature, and the political system is democratic. These may not be perfectly compatible, but they have functioned together for over 200 years.
What factors determine a countries level of development?
there are many economic factors which effect the eco nomic growth likepovertyunemploymentbudget deficitlack of educationnot better use of resources
What are some concepts related to economic growth?
Economic growth consists of many features. In some cases, smaller features work together to provide conditions for economic growth. One feature is that there needs to be a balance between import and export. Neither of these can be substantially higher than the other. Secondly, resources that are available need to be used efficiently and productively. Mismanagement of resources and over consumption may stun economic growth.
Who is the individual who brings together economic resources and assumes the risk in a capitalist economy?
Entrepreneur.
Economic resources in the capitalist system are brought together by..................?
Entrepreneur's.
Economic resources in the capitalist system are brought together by who?
government units
Why does capitalism as an economic sytem work well in democractic political system?
Both capitalism and democracy operate under the principle that the operation of the relevant enterprise should be handled by the general citizenry as opposed to being orchestrated by a preselected central authority. In capitalism, individual businessmen make economic decisions about supply and consumption. In democracy, individual citizens run for political office and vote for these people in order to effect political decisions.This is not to say that all capitalist countries are democracies (e.g. Cambodia is a capitalist dictatorship), or that all democracies are capitalist countries (e.g. Sweden is a socialist democracy), but that these two systems go well together because of the shared common ideology.
Is a capitalist economic system compatible with a democratic political system?
A democratic political system is compatible with any economic system that the majority of the voters like. At the present time we have no pure capitalist systems, we have mixed systems, which include some elements of the free market, and some elements of socialism. Even so, the economy of the US is largely capitalist in nature, and the political system is democratic. These may not be perfectly compatible, but they have functioned together for over 200 years.
What Factors could prevent organisations working together?
fuinancail problems, resources, individual's behaver to wards their employee
What factors determine a countries level of development?
there are many economic factors which effect the eco nomic growth likepovertyunemploymentbudget deficitlack of educationnot better use of resources
How do you use concatenated in a sentences?
When individual pieces of text are joined together they are concatenated.When individual pieces of text are joined together they are concatenated.When individual pieces of text are joined together they are concatenated.When individual pieces of text are joined together they are concatenated.When individual pieces of text are joined together they are concatenated.When individual pieces of text are joined together they are concatenated.When individual pieces of text are joined together they are concatenated.When individual pieces of text are joined together they are concatenated.When individual pieces of text are joined together they are concatenated.When individual pieces of text are joined together they are concatenated.When individual pieces of text are joined together they are concatenated.
What are some concepts related to economic growth?
Economic growth consists of many features. In some cases, smaller features work together to provide conditions for economic growth. One feature is that there needs to be a balance between import and export. Neither of these can be substantially higher than the other. Secondly, resources that are available need to be used efficiently and productively. Mismanagement of resources and over consumption may stun economic growth.
What institution controls an unplanned economic system?
The National Bank and the government work together to influence the economy. They don't, however, control the economy because we are talking about an unplanned (= capitalist) system.The ultimate aim, hence, will be to maximize revenue or profit.
Do central planning committees fix production quotas in the free enterprise system?
NO. Central Planning Committees only exist in planned economies, not free-enterprise capitalist economies. Production quotas are made by individual companies in capitalist economies.
What is the goal of economic development agencies?
The goal of economic development agencies is to retain existing businesses, attract appropriate new businesses, and help them grow. These agencies act as a facilitator, bringing together businesses, government agencies, and other resources.
