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I feel that, governments protects the distribution channels against foreign threats to prevent local industries being outwitted by multinationals and also in protecting their culture.

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What twentieth-century economist argued that governments should engage in large public works and lower interest rates to stimulate economically depressed economies?

The twentieth-century economist who argued that governments should engage in large public works and lower interest rates to stimulate economically depressed economies was John Maynard Keynes. His ideas, articulated in "The General Theory of Employment, Interest, and Money" (1936), emphasized the importance of government intervention during economic downturns to boost demand and foster recovery. Keynes advocated for increased public spending to create jobs and stimulate economic activity, particularly during periods of recession.


Why is the economic theory supporting market economies or capitalism much more realistic than theories supporting command economies?

It is based on self-interest. PLATOPALS<3


What are the features of a mixed economy?

A mixed economy features a "mix" of features from traditional economies, market economies, AND command economies--usually the most advantageous features from each. For example, most mixed economies borrow three of the most advantageous characteristics of a market economy: pricing, private property, and individual self-interest. The United States is one example of a mixed economy.


Why do governments issue bonds?

Governments issue bonds to raise money for projects and expenses, such as infrastructure development or funding government operations. Bonds allow governments to borrow money from investors and pay them back with interest over a specified period of time.


Why According to Adam smith and other classical economists why is the economic theory supporting market economies or capitalism much more realistic than theories supporting command economies?

According to Adam Smith and other classical economists, the economic theory supporting market economies or capitalism are much more realistic than theories supporting command economies because they are based on self-interest.

Related Questions

What twentieth-century economist argued that governments should engage in large public works and lower interest rates to stimulate economically depressed economies?

The twentieth-century economist who argued that governments should engage in large public works and lower interest rates to stimulate economically depressed economies was John Maynard Keynes. His ideas, articulated in "The General Theory of Employment, Interest, and Money" (1936), emphasized the importance of government intervention during economic downturns to boost demand and foster recovery. Keynes advocated for increased public spending to create jobs and stimulate economic activity, particularly during periods of recession.


Who evaluate the governments agenda?

a public interest group


Competition and self interest are two important forces in?

Competition and self-interest are two forces in free market economies.


What are the most numerous local governments in US?

Special Interest, which makes up 37,387 of the 89,476 of Local U.S. Governments.


Why is the economic theory supporting market economies or capitalism much more realistic than theories supporting command economies?

It is based on self-interest. PLATOPALS<3


Why is the economic theory supporting market economies (or capitalism) much more realistic than theories supporting command economies?

It is based on self-interest. PLATOPALS<3


What actions do interest groups take to connect citizens with governments?

Making Love


At which level of government are interest groups active?

Interest groups can operate at all levels of the government ranging from federal to local governments. An interest group can be a civil rights group, a charitable organization, or simply a neighborhood association.


What is the difference between interest and a dividend?

Interest is a payment on debt (such as bonds or bank notes). A dividend is a distribution of earnings to the owners of a firm.


When is it valid to approximate a charge distribution by a point charge?

A charge distribution can be approximated as a point charge when the distance from the charge to the point of interest is much larger than the size of the charge distribution itself. This is often valid when the charge distribution is symmetric and the point of interest is located far away, allowing the electric field to be treated as originating from a single point. Additionally, if the total charge of the distribution is known, it can simplify calculations in electrostatics.


Why is third world debt bad?

Because their economies and their tax revenues, with which they pay back their foreign debt, is always in doubt. To be owed money by these governments is always a risky proposition. A good analogy would be - lending 10 dollars to a street person and expecting them to pay it back to you, with interest, from the pay they receive from their next job. Get the picture?


Why is it in the interest of governments t perticipate in debt-for-nature swap?

Governments want to participate in debt-for-nature swap because they get debt relief & environmentalists get rain forest preservation.