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1. Debt - 16 Billion Dollars
2. Recession - Since 2007
3. Unemployment - 9%
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What are the 3 basic economic system models?
The 3 basic economic system models are mixed economy, command economy, and free-market economy. In a mixed economy recourse are owned publicly and privately while in a command economy resources are owned by the government.
What type of economy answers the three basic economic questions?
3 types of economic system
What is an economy that answers its basic economic questions by doing things the way they always have been done called?
A.) Traditional economy. :3
Which economy answers the 3 basic economic questions with the phrase do as you have always done?
hgh
Who answers the 3 basic economic questions in a market economy?
by the interaction of buyers and sellers in a marketplace.
What are the 3 basic economic system models?
The 3 basic economic system models are mixed economy, command economy, and free-market economy. In a mixed economy recourse are owned publicly and privately while in a command economy resources are owned by the government.
What type of economy answers the three basic economic questions?
3 types of economic system
What is an economy that answers its basic economic questions by doing things the way they always have been done called?
A.) Traditional economy. :3
Which economy answers the 3 basic economic questions with the phrase do as you have always done?
hgh
Who answers the 3 basic economic questions in a market economy?
by the interaction of buyers and sellers in a marketplace.
What are the 3 types of economies?
Market Economy - Where consumers decide which goods and services they want and businesses provide these. Most businesses in a market economy are privately owned. The USA is an example of a market economy. Command economy - Where the government owns most businesses. The government decides what and how much will be produced. Russia and China used to have planned economies. Traditional economy - an economic system in which people make economic decisions based on customs and beliefs that have been handed down from one generation to the next. A mixed economy is another kind of economic system which bledns elements of the 3 above economic systems. It is not one of the 3 major types of economies.
What were the 3 major flaws in the US economy that led to great depression?
Political Weaknesses Economic Weaknesses Social Weaknesses
3 types of flows within the international economic exchange during 1815-1914?
There are only two flows of economy. In or out
What are four types of economic systems?
There are basically four kinds of economic systems: 1) Market economy- An economic system in which individuals own and operate different factions of production. Examples: Free Enterprise & Capitalism 2) Command economy - An economic system in which government owns and operates all factions of production. Examples: Socialism & Communism 3) Traditional Economy - An economic system based on culture and tradition. Economy is based on agriculture and hunting. Examples: Non-Industrialized agrarian societies. 4) Mixed Economy - An economic system where both command and market systems are featured. Examples: United States is not a pure capitalist country for there are forms of socialism instilled in it to benefit individuals in need of services and has minimum wages, however, free enterprise reigns in the U.S. China also has both forms of economy, however, the Chinese government controls the prices and production.
What are conditions conducive to constitutional democracy?
education economic social ideological
What challenges did the top economic planners of the Soviet Union have to solve?
Soviet economic planners faced the following challenges and tried to use Marxism and later Leninism to meet these challenges This involved both agriculture & industry, the focus here is on industry. As in most broad questions, there is always the decision regarding the length of an answer. With that said, here is a brief summary: 1. What products to produce based on perceived economic goals; 2. What were the best means of combining workers and resources in the most efficient manner to produce economic goals; 3. What were the requirements for building new manufacturing plants and how much capital should be spent on retooling older plants and factories. Recognizing and abolishing equipment that was obsolete; and 4. What were the devices required for ensuring the orderly distribution of the products the economy produced in the best interests of the Soviet people.
What is the role of saccos in economic development?
1 contribute for the gnp increament throug investment participation 2 allivate poverty 3 strength the economy
