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Who owns the factors of productiom and makes economic decisions in a market economy?
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
What is comparative economic growth analysis?
Comparative economic growth analysis is a method used to evaluate and compare the economic growth rates of different countries or regions over a specific period. It examines various factors influencing growth, such as productivity, investment, and policy decisions, to identify patterns and best practices. By analyzing these differences, policymakers can gain insights into effective strategies for enhancing economic performance and addressing challenges. This approach often involves the use of statistical models and indicators to quantify growth and its determinants.
What is a system in which individuals own factors of production and make economic decisions?
mixed economy
What are the factors that inhibit globalisation?
Tariffs such as taxes on goods and services.Barriers such as Communication;countries speaking different languages would not be able to understand other countries for e.g English speaking countries and Arabian speaking countries. Thus preventing economic integration.Political barrierssuch as Cuban Countries they don't like America rulings and political views therefore they would not cooperate in any kind economic integration with any American countries.
What is opportunity cost and how does it factor into making economic decisions?
Opportunity cost is the value of the next best alternative that is given up when a decision is made. It factors into making economic decisions by helping individuals and businesses weigh the benefits and drawbacks of different choices and make informed decisions based on what they value most.
Who owns the factors of productiom and makes economic decisions in a market economy?
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
What are two economic factors that affect financial decisions?
Buzz kill
What is comparative economic growth analysis?
Comparative economic growth analysis is a method used to evaluate and compare the economic growth rates of different countries or regions over a specific period. It examines various factors influencing growth, such as productivity, investment, and policy decisions, to identify patterns and best practices. By analyzing these differences, policymakers can gain insights into effective strategies for enhancing economic performance and addressing challenges. This approach often involves the use of statistical models and indicators to quantify growth and its determinants.
What is a system in which individuals own factors of production and make economic decisions?
mixed economy
What are the factors that inhibit globalisation?
Tariffs such as taxes on goods and services.Barriers such as Communication;countries speaking different languages would not be able to understand other countries for e.g English speaking countries and Arabian speaking countries. Thus preventing economic integration.Political barrierssuch as Cuban Countries they don't like America rulings and political views therefore they would not cooperate in any kind economic integration with any American countries.
What are doe of the factors foresters have to consider before making decisions?
Foresters must consider various factors before making decisions, including ecological impacts, such as biodiversity and habitat preservation, and economic factors, like timber value and market demand. They also evaluate social aspects, including community needs and recreational access. Additionally, environmental regulations and climate change impacts play a crucial role in sustainable forest management strategies. Balancing these considerations is essential for maintaining healthy ecosystems while meeting economic and social objectives.
Which are the two major fields of economic study?
The two major fields of economic study are macroeconomics and microeconomics. Macroeconomics deals with the large scale economic factors while microeconomics deals wit single factors of personal decisions.
Does average family size vary between regions in countries Why or why not?
Yes, average family size can vary between regions in countries due to factors such as cultural norms, economic conditions, urbanization levels, and access to education and family planning services. These factors can impact decisions around family size and influence demographics in different regions.
What is opportunity cost and how does it factor into making economic decisions?
Opportunity cost is the value of the next best alternative that is given up when a decision is made. It factors into making economic decisions by helping individuals and businesses weigh the benefits and drawbacks of different choices and make informed decisions based on what they value most.
What is power in countries?
Power in countries refers to the ability of a government or ruling entity to govern effectively, make decisions, enforce laws, and maintain authority over its territory and population. It can be exercised through various means such as military, economic, political, and social influence. Power dynamics in countries can be influenced by factors such as leadership, institutions, resources, and public support.
What factors pull and push immigrants to new countries?
Immigrants are often pulled to new countries by factors such as economic opportunities, better living conditions, political and religious freedom, and a chance for a better quality of life. At the same time, they may be pushed from their home countries due to factors such as political instability, violence, persecution, lack of economic opportunities, and poverty.
What is the definition of economic forces?
Economic forces are certain factors that are considered in making decisions of a company that can either bring success or failure in their business. These elements in business are the key factors in determining the next steps and strategies that a company must implement.
