1. Economic Growth
2. Economic Development
3. Price Stability
4. Full Employment
5. External Equilibrium
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What are the major goals in microeconomics?
discuss the macroeconomic goal?
Economic systems are based on the reflection on the values, assumptions and goals of a particular culture.
1. To create stable, economic growth. 2. To have full employment and low unemployment. 3. To have stable stable prices.
The four types of economic systems are mixed, traditional, market and command. The economic systems evolves as different societies places different emphasis on different goals.
What are the major goals in microeconomics?
discuss the macroeconomic goal?
Economic systems are based on the reflection on the values, assumptions and goals of a particular culture.
he was a dictator
1. To create stable, economic growth. 2. To have full employment and low unemployment. 3. To have stable stable prices.
The four types of economic systems are mixed, traditional, market and command. The economic systems evolves as different societies places different emphasis on different goals.
1-Price Stability 2-Consistent economic growth 3-Full employment 4-Good Balance of Payment
Economic systems are based on the reflection on the values, assumptions and goals of a particular culture.
efficiency and freedom
economic equity
Broad social / economic goals. The political process. The production possibilities curve. Utility.
The four economic systems—traditional, command, market, and mixed—each aim to achieve specific societal goals. Traditional economies focus on cultural continuity and community welfare, while command economies prioritize equitable distribution and state control over resources. Market economies emphasize individual freedom and efficiency through competition, aiming for innovation and consumer satisfaction. Mixed economies strive to balance these goals, promoting social welfare alongside economic growth and efficiency.