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What else can I help you with?
What effect does new technology usually have on an economy?
It makes the economy stronger and more efficient.
What does specialization do for the economy?
it makes it more efficient
What are the affects of a global economy?
The global economy can both be beneficial and detrimental to new technology. With the rising levels of competition, we can expect to pay less for a technology, and at the same time receive better quality. This is the basis of a competitive market. The downside would be the localization of markets. Many advance technologies will only be produced in developed parts of the world, limiting the spread of wealth and knowledge to lesser developed regions.
Barter economy is more efficient than present money economy?
No. A barter economy is less efficient than the current system. A barter system relies on individuals having a double coincidence of wants where each person wants the exact opposite thing that someone else is willing to sell at that particular time. So, people who needed certain things that weren't on the market were out of luck. Also, the barter economy has a flaw in the indivisibility of products. This means certain large expensive items such as tractors were not able to be divided equally to make necessary exchanges for smaller ticket items. The present money economy makes trade more efficient.
What is the economic process of specialization?
It makes it more efficient. It makes it more efficient.
What effect does new technology usually have on an economy?
It makes the economy stronger and more efficient.
What does specialization do for the economy?
it makes it more efficient
In a research paper would counterarguments be necessary?
Counter-arguments usually are expected in a research paper. Providing other points of view, and why you disagree with them, actually makes your argument stronger.
What are the affects of a global economy?
The global economy can both be beneficial and detrimental to new technology. With the rising levels of competition, we can expect to pay less for a technology, and at the same time receive better quality. This is the basis of a competitive market. The downside would be the localization of markets. Many advance technologies will only be produced in developed parts of the world, limiting the spread of wealth and knowledge to lesser developed regions.
Who sang one pill makes you stronger?
Feel Stronger - Gemini
Barter economy is more efficient than present money economy?
No. A barter economy is less efficient than the current system. A barter system relies on individuals having a double coincidence of wants where each person wants the exact opposite thing that someone else is willing to sell at that particular time. So, people who needed certain things that weren't on the market were out of luck. Also, the barter economy has a flaw in the indivisibility of products. This means certain large expensive items such as tractors were not able to be divided equally to make necessary exchanges for smaller ticket items. The present money economy makes trade more efficient.
What is the economic process of specialization?
It makes it more efficient. It makes it more efficient.
Why is it good to have a diversified economy?
It is good for the entire state that different kinds of industries were growing. This kind of diversification makes the state economy stronger. With many industries and many different products, the state can still prosper, even if there is a drop in the demand for one product.
Who made the quote if it don't kill you it makes you stronger?
"That which does not kill us makes us stronger," was by philosopher Friedrich Nietzsche.
What makes France have such a strong economy?
market economy
What makes electromagnetism stronger?
electricity is used to make the magnetic pull stronger.
What milk makes glue stronger?
Milk does NOT make any glue stronger.
