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What is the difference between East Asian state guided economics and American market driven economics?
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.
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According to Karl Marx history can be viewed as a constant struggle between?
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.
What is the key difference between economic system is the way they manage the?
The key difference between economic systems lies in how they manage resources and distribution of goods and services. In a market economy, decisions are driven by supply and demand with minimal government intervention, while in a command economy, the government centrally plans and controls all economic activities. Mixed economies combine elements of both systems, allowing for some government regulation alongside market-driven forces. Each system reflects varying degrees of individual freedom, efficiency, and equity in resource management.
What is the difference between labour and entrepreneurship as factors of production?
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.
What way is applied economics important in problems of the country?
Applied economics is crucial in addressing national problems as it utilizes economic theories and principles to analyze real-world issues, guiding policymakers in decision-making. It helps identify the root causes of economic challenges, such as unemployment or inflation, and evaluates the potential impacts of different policy options. By providing data-driven insights, applied economics supports effective resource allocation and fosters economic growth, ultimately improving the overall well-being of citizens.
Why is it that economics is the study of human behavior?
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.
Difference between turbocharger and supercharger?
A turbocharger is driven by the exhaust from the engine. A supercharger is belt driven off the engine.
What is the main difference between turbocharger and supercharger?
A "Turbocharger" is driven by exhaust gas. A "Supercharger" is driven mechanically by the engine.
What is the difference between a driver gear and a driven gear?
The driver gear has the input torque, and the driven gear has the output torque.
What is the difference between command driven software and menu driven softwares?
People use menus and computers use commands.
What is the difference between a driving and driven dimension?
Driving Dimension: the geometry is controlled by the dimension. Driven Dimension: the dimension is controlled by the geometry.
What is the difference between a super and turbo charger?
supercharger is belt/gear driven of the motor, the turbocharger is driven by exhaust gases from the exhaust.
What is the difference between under driven and over driven superchargers r?
Over driven blowers are geared to spin higher rpm then the motors actual rpm. Vise versa for Under driven.
What is the difference between Screw driven and hydraulic driven tensile testers?
A screw drive is a screw mechanism that moves and hydraulics is a fluid pressure system
What is the difference between data driven DSS and model driven DSS?
Model data driven user interacts primarily with a mathematical model and its results while data driven DSS is user interacts primarily with the data
What is the difference between turbocharger and supercharger?
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
What is the difference between a model-driven and data-driven DSS?
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.
What is the difference between a belt and a motor-driven platter rotation?
The difference is the belt starts to slip very minute differences in tonation, direct drive is better.
