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What are the vital criteria use to jugde the performance of the various economics system

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What are the criteria for judging in economic system?

There are many criteria that can be used to judge an economic system, but the main ones are efficiency and equity. Efficiency is defined as not just having markets that fit the theoretical definition of efficient, but having growth in the size of the economy and lots of innovation. Equity is the distribution of the income. The most efficient economy in the world does no good if the income from it is owned by a few people, and the rest live in wretched poverty. Equity also means the ability of every person to have the necessities of life, such as food, clothing, shelter, education, health care, etc.


What helps economics judge the overall condition of a particular countrys economy?

A measurement of economic indicators.


What is meant by ninja economics?

1. A covert agent or mercenary of economics specializing in unorthodox arts of economics. The functions of the ninja included espionage, sabotage, infiltration, and assassination, as well as open economic combat in certain situations. 2. A passive-aggressive economic policy. 3. To travel in disguise to other economic territories to judge the situation of the economic enemy, they would inveigle their way into the midst of the economic enemy to discover flaws, and enter enemy economic system to disrupt the system, and carried out economic model assassinations, arriving in secret.


Should an economic test be applied in judge the activities of a corporation?

should an economic test be applied in judging the activities of a corporation


Which helps economists judge the overall condition of a particular country's economy?

A measurement of economic indicators: )

Related Questions

Criteria to judge an economic system?

criterias for good economic system


Using one set of criteria to judge other and a different criteria to judge ourselves is called?

Using one set of criteria to judge others and a different criteria to judge ourselves is called hypocrisy.


Using one set of criteria to judge others and another set of criteria to judge another is called?

Using one set of criteria to judge others and another set of criteria to judge another is called hypocrisy. It involves holding different standards for different people or situations, often leading to inconsistency.


Does double jeopardy mean using one set of criteria to judge others and a different criteria to judge ourselves?

Double jeopardy refers to being prosecuted for the same crime twice, which is typically not allowed due to constitutional protections against double jeopardy. It does not specifically refer to using different criteria to judge others versus ourselves.


Using one set of criteria to judge others and a different criteria to judge ourselves is called a?

It is called a double standard. This occurs when individuals hold others to a different standard of behavior or expectation than they hold themselves, often leading to unfair and biased judgments.


What is KPI stands for?

In business terminology, the abbreviation "KPI" stands for "key performance indicator." When beginning a project or launching a new system for production, companies compose a list of criteria on which to judge the effectiveness of the new system. Each of these criteria becomes known as a KPI.


What are the criteria for judging in economic system?

There are many criteria that can be used to judge an economic system, but the main ones are efficiency and equity. Efficiency is defined as not just having markets that fit the theoretical definition of efficient, but having growth in the size of the economy and lots of innovation. Equity is the distribution of the income. The most efficient economy in the world does no good if the income from it is owned by a few people, and the rest live in wretched poverty. Equity also means the ability of every person to have the necessities of life, such as food, clothing, shelter, education, health care, etc.


What are the criteria for judging economic system?

There are many criteria that can be used to judge an economic system, but the main ones are efficiency and equity. Efficiency is defined as not just having markets that fit the theoretical definition of efficient, but having growth in the size of the economy and lots of innovation. Equity is the distribution of the income. The most efficient economy in the world does no good if the income from it is owned by a few people, and the rest live in wretched poverty. Equity also means the ability of every person to have the necessities of life, such as food, clothing, shelter, education, health care, etc.


Do people judge you because you smoke pot?

That can certainly be one of the criteria - especially by employers.


How do a judge a modeling show?

The judges are given specific instructions on what criteria to look for and go from there.


When performing an evaluation what are criteria?

Answer this question… The standards or requirements used to judge a work's value.


What helps economics judge the overall condition of a particular countrys economy?

A measurement of economic indicators.