answersLogoWhite

0

The German economy is characterized by its strong industrial base, particularly in automotive, engineering, and manufacturing sectors, making it one of the world's largest exporters. It is known for its emphasis on vocational training and a skilled workforce, which supports innovation and efficiency. Additionally, Germany has a robust social welfare system and a commitment to environmental sustainability, leading in renewable energy investments. The economy operates within a stable framework of fiscal discipline and has a significant influence within the European Union.

User Avatar

AnswerBot

2w ago

What else can I help you with?

Continue Learning about Economics

What are the key features of the post industrial economy?

A post industrial economy is one in which the importance of manufacturing decreases and that of other areas grows. Some features of a post industrial economy would be declining manufacturing, increase in the service industry, and increases in technology and creativity.


How might German reparations affect the German economy?

German reparations, particularly after World War I, had significant short-term negative effects on the economy, contributing to hyperinflation and economic instability during the early 1920s. The burden of heavy reparations payments strained public finances and led to a loss of confidence in the German mark. In contrast, in the long term, the eventual cessation of reparations and economic recovery efforts, particularly during the 1920s and 30s, allowed for some stabilization and growth, though the legacy of reparations continued to influence German politics and society.


What is one of the negative features of a free economy?

No one is really in charge, so it's insecure and uncertain.


What are the main features of a mixed economy?

A mixed economy employs features of both Government/Planned economy and a Free market. Thus, it has features of both. It has 2 sectors. Public and Private. The public sector, being the government, takes care of public services that private businesses cannot afford to finance e.g street lighting, public transportation, law and order, public healthcare, defence and the Jusicial system. Their motive is social welfare. The private sector however is owned,controlled and managed by individuals, whose motive is profits. Examples include private owned companies and private schools. Basically, a mixed economy is a free market economy with government intervention thrown in. They control some aspects of the economy while indiviuals control the rest. in a mixed economy ,there is the gain of low general price level which ultimately lead to increased production and which may generate more employment capacity.


What was the meaning of perestroika?

Perestroika was a program initiated by Soviet premier Gorbuchev in the waning days of the Soviet Union. It was an attempt to add some features of a market economy to the centrally-planned Soviet economy. It was accompanied by the idea of "glasnost" or openness, a backing away from the strict control of opinion and its expression as developed under Stalin.

Related Questions

What are some of the features of the 2002 Buick LeSabre?

Some of the most notable features of the 2002 Buick LeSabre are it's 20mpg city fuel economy and its 3.8L V-6 engine. It also has a large 18.5 gallon fuel tank.


What are some notable German Bible translations available for study and comparison?

Some notable German Bible translations for study and comparison include the Luther Bible (Lutherbibel), the Einheitsbersetzung, and the Gute Nachricht Bibel. These translations are widely used and respected within the German-speaking Christian community.


What are some of the features of a Puegeot Speedfight?

The Peugeot Speedfight has a number of impressive features. Some of it's most notable features include a 100cc engine, sports style handling and 13" wheels.


What are some of the features of the Innotek dog fence?

An Innotek dog fence can certainly help with your problem. Some of its most notable features include training flags, a rechargeable collar and a training DVD.


What are the key features of the post industrial economy?

A post industrial economy is one in which the importance of manufacturing decreases and that of other areas grows. Some features of a post industrial economy would be declining manufacturing, increase in the service industry, and increases in technology and creativity.


Did Britain win all of their battles?

They did not, some notable examples being the German invasion of France and the events of Market Garden.


What are some notable features or locations within the Fallen London Clay Quarters?

Some notable features in the Fallen London Clay Quarters include the Forgotten Quarter, the Labyrinth of Tigers, and the Flit. These locations are known for their mysterious and dangerous nature, attracting adventurers and explorers seeking thrills and secrets.


What are some safety features of childrens cutlery?

There are many different features safety features on children's cutlery. One of the most notable features would be the lack of a sharp blade edge as well as the material that makes up the product.


What are some of the features of the Palm TX pda?

The Palm TX PDA has many different features. Notable features include 128 megabytes of flash memory and a built-in wireless system. However, there is some debate the quality of this type of PDA model.


What are some notable features of the 1980s Bianchi models?

Some notable features of the 1980s Bianchi models include their distinctive Celeste green color, high-quality steel frames, and classic Italian design. These bikes were known for their smooth ride and durability, making them popular among cyclists during that era.


What are some popular features of vintage German bicycles?

Some popular features of vintage German bicycles include high-quality craftsmanship, durable steel frames, reliable internal hub gears, comfortable leather saddles, and classic design aesthetics.


What features are included on the Vauxhall Insignia?

The Vauxhall Insignia has a number of impressive features. Some of the most notable features are full size curtain airbags, USB features, 1.8 liter 4 cylinder engine and 140 horse power.