*Quick Note* If you have the economics textbook that I have [ California Prentice Hall: Economics: Principles in Action// by Arthur O' Sullivan and Steven M. Sheffrin] Then you can find the answers on pages 26 && 27. They are the green subtitles!
Answer: The 5 economic goals are:
[A] Economic Efficiency
[B] Economic Freedom
[C] Economic Security and Predictability
[D] Economic Equity
[E] Economic Growth and Innovation
XoXo
Katt
is accounting ingrained in our society and it is vital your economic system in the US?
The former Soviet Union used a command economic system instead if one based on prices it hoped to create a society in which everyone had the same choice.
sociology
to make society more equal
A free enterprise system is an economic model that allows individuals and businesses to operate with minimal government intervention. In this system, the production and pricing of goods and services are determined by supply and demand in the marketplace. It encourages competition, innovation, and consumer choice, promoting economic growth and efficiency. Ultimately, it empowers entrepreneurs to pursue their own economic interests while benefiting society as a whole.
is accounting ingrained in our society and it is vital your economic system in the US?
The former Soviet Union used a command economic system instead if one based on prices it hoped to create a society in which everyone had the same choice.
sociology
To make society more equal
to make society more equal
A free enterprise system is an economic model that allows individuals and businesses to operate with minimal government intervention. In this system, the production and pricing of goods and services are determined by supply and demand in the marketplace. It encourages competition, innovation, and consumer choice, promoting economic growth and efficiency. Ultimately, it empowers entrepreneurs to pursue their own economic interests while benefiting society as a whole.
An economic system is a structured framework through which a society organizes the production, distribution, and consumption of goods and services. It encompasses the rules, institutions, and relationships that govern how resources are allocated and how economic activities are conducted. Various types of economic systems, such as capitalism, socialism, and mixed economies, reflect different approaches to managing these processes and addressing issues like inequality and resource scarcity. Ultimately, the choice of an economic system influences a nation's overall economic performance and the well-being of its citizens.
Capitalism.
Karl Marx argued that everything in society, including culture, politics, and institutions, is ultimately determined by economic factors. According to Marx, the economic system shapes all other aspects of society.
Namibia has a traditional economic system, because they are very agricultural and they don't really rely on the growth of human society today.
I've been doing this in society and environment at the momentsome are;Ethiopia.Uganda.Most traditonal economic system countries are living in third world conditions
capitalism