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Q: What are some notable features of the German economy?
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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.


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.


In a mixed economy some government involvement in the economy is evident true or false?

True.

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