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What are three main goals sought by policymakers in the economy?
There are many goals that need to be addressed by policy makers according to the need of the economy. The three goals include development of the economy, controlling inflation and stabilizing price level and decreasing the unemployment rates, by enhancing the welfare plans.
Which must be addressed when organizing an economy?
salaries
What goals are not addressed in a centrally planned economy?
In a centrally planned economy, goals related to individual consumer preferences and innovation are often not adequately addressed. The focus on meeting predetermined production targets can lead to inefficiencies and a lack of responsiveness to market demands. Additionally, personal incentives for entrepreneurship and competition are stifled, resulting in limited economic dynamism and responsiveness to changes in consumer needs. Consequently, these economies may struggle with resource allocation and overall economic growth.
What does not need to be addressed when organizing an economy?
The rules of political institutions.
What does not need to be addressed when organizing the economy?
The rules of political institution.
What are three main goals sought by policymakers in the economy?
There are many goals that need to be addressed by policy makers according to the need of the economy. The three goals include development of the economy, controlling inflation and stabilizing price level and decreasing the unemployment rates, by enhancing the welfare plans.
Which must be addressed when organizing an economy?
salaries
What goals are not addressed in a centrally planned economy?
In a centrally planned economy, goals related to individual consumer preferences and innovation are often not adequately addressed. The focus on meeting predetermined production targets can lead to inefficiencies and a lack of responsiveness to market demands. Additionally, personal incentives for entrepreneurship and competition are stifled, resulting in limited economic dynamism and responsiveness to changes in consumer needs. Consequently, these economies may struggle with resource allocation and overall economic growth.
What does not need to be addressed when organizing an economy?
The rules of political institutions.
What does not need to be addressed when organizing the economy?
The rules of political institution.
What not need to be addressed when organizing an economy?
The rules of political institutions.
Indian Economy- The present macro-economic scenario?
The Indian economy rapidly growth, and reached the level of certainity
Which of the following does not need to be addressed when organizing an economy?
The rules of political institutions.
Which scenario indicates that a contractionary monetary policy is needed?
The economy has grown too quickly.
Which scenario indicates that an expansionary monetary policy is needed?
The economy has been growing rapidly.
What determines the kind of economy a nation has?
A nation choses its economy based on its economic goals. Economic growth is often any nation's goals. With that in mind a free market economy will help achieve that goal.
What goals does the government pursue in a socialist economy?
Equity
