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Economic growth. Since that is basically the definition of a growing economy, steady increase in GDP

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In a country where the government has some control over the economy and buisnesses also provice goods and services that consumers want how do you describe their economic system?

self sustained


What would have to happen to the production possibility curve for over-utilization to be possible?

For over-utilization to be possible, the production possibility curve (PPC) would need to shift outward, indicating that an economy can produce more goods and services than previously thought. This could occur through advancements in technology, increases in resources, or improvements in efficiency. Additionally, it might require operating beyond the economy's full capacity, which is typically represented by points inside the PPC. However, sustained over-utilization could lead to resource depletion and inefficiencies, ultimately pushing production back to the PPC.


Is it true that Economic growth occurs when a nation's total output of goods and services increases over time?

Yes, it is true that economic growth occurs when a nation's total output of goods and services, typically measured by Gross Domestic Product (GDP), increases over time. This growth reflects an improvement in the economy's capacity to produce and consume, often resulting from factors like technological advancements, increased labor productivity, and capital investment. Sustained economic growth can lead to higher living standards and improved quality of life for a nation's citizens.


What is the difference between market economy and subsistence economy?

A commercial economy is an economy that has enough food and supplies left over when used, but a subsistence economy is an economy that has enough food. They don't have he extra left over like a commercial economy.


What are the advantages to flying in business class over economy?

"Advantage to flying business class over economy is as follows:

Related Questions

In a country where the government has some control over the economy and buisnesses also provice goods and services that consumers want how do you describe their economic system?

self sustained


What mortality rate is associated with Maze procedure?

The overall operative mortality for patients undergoing the Maze procedure is 3%. The mortality rate increases among patients over age 65.


The massive monetary and fiscal stimulus provided over the last two years should have ensured that the economy was on a sustained path to growth. What fiscal stimulus means in the context above?

a stim inside


What would have to happen to the production possibility curve for over-utilization to be possible?

For over-utilization to be possible, the production possibility curve (PPC) would need to shift outward, indicating that an economy can produce more goods and services than previously thought. This could occur through advancements in technology, increases in resources, or improvements in efficiency. Additionally, it might require operating beyond the economy's full capacity, which is typically represented by points inside the PPC. However, sustained over-utilization could lead to resource depletion and inefficiencies, ultimately pushing production back to the PPC.


What Position of patient undergoing laparoscopic cholecystectomy is?

over the left side


Why do small differences in the rate of economic growth produce large differences in the size of the economy over time?

The main reason is that growth is compounded. As a result the size of the economy increases exponentially and with compound exponential growth even a small difference can add up to a large difference over time.


What is the difference between market economy and subsistence economy?

A commercial economy is an economy that has enough food and supplies left over when used, but a subsistence economy is an economy that has enough food. They don't have he extra left over like a commercial economy.


Will a car start if it has over heated?

After it cools if there was no damage sustained during overheating


When the area over which a force is applied decreases what increases?

When the area over which a force is applied decreases, the average force applied over said area increases. In other words, the pressure (force/area) increases.


Why is an object moving in a constant speed undergoing?

An object moving at a constant speed is not undergoing acceleration because acceleration is a change in velocity over time. Since the object's speed is not changing, there is no acceleration.


What are the advantages to flying in business class over economy?

"Advantage to flying business class over economy is as follows:


What kind of graph shows increases or decreases over time?

Line graphs show increases or decreases in something over time.