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State ownership of basic industries is often supported by systems such as socialism and state capitalism. In a socialist framework, the government typically controls key industries to ensure equitable distribution of resources and services. Similarly, state capitalism allows the government to hold significant stakes in major industries while still engaging with market mechanisms. These systems prioritize public welfare and strategic control over essential resources, such as energy, transportation, and healthcare.
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What term is used to refer to the basic support systems that a nation needs to keep its economy running smoothly?
Infrastructure.
What do the economic systems of other countries have in common with the economic system of the US?
They face the same basic economic problems
What are the four basic types of economic systems?
markets
The three basic economic systems are?
Mixed free and planned ((;
What three basic questions do economic systems address?
Economists also study how economic systems address three basic questions: What shall we produce?; How shall we produce it?; For whom shall we produce it?
What is the Basic support structures such as communication and power systems?
Basic support structures such as communication and power systems refer to the foundational frameworks that enable the functioning of a system or organization. Communication systems facilitate the exchange of information and data among individuals or components, while power systems provide the necessary energy or resources to sustain operations. These support structures are essential for ensuring efficiency, coordination, and resilience in various contexts, ranging from businesses to infrastructure networks.
What is the difference between a basic industry and a non-basic industry?
basic industry - working in the mine , jobs like this are called basic jobs , because they provide the money needed to support the local economy . non-basic industry - cooks in restaurant , jobs like this are in non-basic industry , since they do not bring new money into the local money , instead they recycle the money that is already there .
What term is used to refer to the basic support systems that a nation needs to keep its economy running smoothly?
Infrastructure.
What term is used to refer to the basic support systems that a nation needs to keep it economy running smoothly?
Infrastructure.
What is the meaning of basic and consumer industries?
Basic industries produce the primary raw materials for factories to work. Consumer industries manufacture and sell products directly to the general public.
What can only be accessed only by operating systems that support dynamic disks after being converted from basic disk?
Dynamic disk
How do the nonliving parts of earths systems provide the basic materials to support life?
i dont know dhiss shidd mane..........................
In both the socialist and communist systems the government will have a large infurncr?
In both socialist and communist systems, the government typically plays a significant role in the economy and society, often controlling key industries and resources to promote equality and reduce class distinctions. In socialism, the government may manage or regulate certain sectors while allowing for some private ownership, whereas communism seeks to eliminate private ownership entirely, leading to a classless society. This centralized control aims to redistribute wealth and ensure that everyone has access to basic needs. However, the extent and nature of government influence can vary greatly between the two systems.
What is the basic elements of the South African trial systems and how do they differ from other systems?
What is the basic elements of the South African trial systems and how do they differ from other systems?
What do the economic systems of other countries have in common with the economic system of the US?
They face the same basic economic problems
What is the full form of SABIC?
SABIC stands for Saudi Basic Industries Corporation. It is a global diversified chemical company headquartered in Riyadh, Saudi Arabia.
What is a unit of ownership in a corporation called?
Common Stock is the most basic form of corporate ownership.
