East Asian state guided economy focuses on product development for example: How to build a fuel efficient car to open market and increase profit.
American market driven economy focuses on making profits and puts less focus on product development for example: Instead of developing a fuel efficient car, the General Motor will choose to purchase a foreigh car company such as Saab of Sweden in order to increase profit.
Classes The above answer fits what should be the last word in the question's answer. However, without adding the following, readers do not gain much. Karl Marx believed that history was driven by economics. It was a struggle between the "Haves" & the Have Nots". The struggle was between the ownsers of the means of production and those who either worked for this group or survived on their own.
Labour is human physical and mental effort directed in a production process, and the reward for it is wage or salary. Entrepreneur is a self-driven factor employing all aspects of making a given product. Profit is the reward for that endeavor.
This is because economic's central theme is opportunity cost. Opportunity cost can be defined as the best alternative choice that you forgo when making an economic decision. Therefore, economics study these "choices" to choose the best choice, minimize the opportunity cost for that choice.
A command economy is a private business that the government does not support. It is purely driven by consumers. They decide on what is produced. A demand economy is a business where only the government decides what is produced. There is also something called a mixed economy and that is when the government supports private businesses and decides what is produced for them.
The leading differences between the North and the South leading towards the US Civil War was their respective economies. The North was rapidly expanding manufacturing while the South was primarily an agricultural economy. Also, the Southern economy was driven by slaves. For the most part the North had few slaves at all.
A turbocharger is driven by the exhaust from the engine. A supercharger is belt driven off the engine.
A "Turbocharger" is driven by exhaust gas. A "Supercharger" is driven mechanically by the engine.
People use menus and computers use commands.
The driver gear has the input torque, and the driven gear has the output torque.
Over driven blowers are geared to spin higher rpm then the motors actual rpm. Vise versa for Under driven.
supercharger is belt/gear driven of the motor, the turbocharger is driven by exhaust gases from the exhaust.
Driving Dimension: the geometry is controlled by the dimension. Driven Dimension: the dimension is controlled by the geometry.
A screw drive is a screw mechanism that moves and hydraulics is a fluid pressure system
Model data driven user interacts primarily with a mathematical model and its results while data driven DSS is user interacts primarily with the data
A supercharger runs off a belt driven directly from the engine where as the turbo runs off a belt driven by a fan in the exhaust
Sophisticated inductivism involves constructing theories based on empirical data while acknowledging the role of background knowledge and scientific principles. Naive inductivism, on the other hand, relies solely on observations to form generalizations without considering underlying assumptions or potential biases. Sophisticated inductivism is more reflective and acknowledges the complex interplay between data and theory.
A model-driven DSS relies on mathematical or statistical models to analyze data and make predictions, while a data-driven DSS uses historical and real-time data to generate insights and support decision-making without relying heavily on predefined models. Model-driven DSS are more structured and use algorithms to process data, while data-driven DSS focus on exploring patterns and trends in data to inform decisions.