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Which kind of economic system is best for raising a country's standard of living?
it would be
What system that distributes its resources and contributes to the standard of living and quality of life of its citizens?
Economic
What is standard living?
a way to measure how well the needs and wants of citizens are being met by a country's economic system.
What was the economic system of the US?
With the exception of the depression era of the 1930's (the stock market crash of 1929), our capitalistic system of government has given the citizens of the US a very high standard of living.
What is the primary goal of an economic system?
It depends on the system,. Under capitalism the main goal is the making of profit. In Socialism the main goal is the meeting of people’s needs.
Which kind of economic system is best for raising a country's standard of living?
it would be
What system that distributes its resources and contributes to the standard of living and quality of life of its citizens?
Economic
How do people determine which country has the best economy?
D. Standard of living is usually used to determine the best economic system.
What is standard living?
a way to measure how well the needs and wants of citizens are being met by a country's economic system.
What was the economic system of the US?
With the exception of the depression era of the 1930's (the stock market crash of 1929), our capitalistic system of government has given the citizens of the US a very high standard of living.
What is the primary goal of an economic system?
It depends on the system,. Under capitalism the main goal is the making of profit. In Socialism the main goal is the meeting of people’s needs.
What country have tradiTional economic system?
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
What is the drawbacks of living in Belgium socialist economic system?
One of the drawbacks to living in Belgium in the Socialist economic system is the result of very high taxes. Belgium also has over 10 million people, so housing is also a problem.
What are the differences between economic development and financial system?
Economics development is a measurement of how an economy is developing and takes into account the standard of living, environmental sustainability, social inclusion, competitiveness, infrastructure and human capital levels. The financial system is the system which allows the transfer of money between savers and borrowers.
What are the different economic system?
traditional economic system command economic system market economic system
How businesses and nonprofit organizations can raise the standard of living for all?
Profit is what you can obtain if you take risk, the more risk you take the higher your potential profit margin. For example, there is high risk in making a new type of automobile, it is also risky to open a business in an inner city, but the reduced competition makes substantial profit possible. A nation's businesses are part of an economic system that contributes to the standard of living and quality of life for everyone in that county. Nonprofit organizations contribute to the standard of living by offering goods and services to people for free or at a reduced cost thereby, contributing to the standard of living in that country.
What are the three different economic system?
traditional economic system command economic system market economic system
