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Which type of economy provides the least incentive for companies and workers to improve?
command economy
What else can I help you with?
What is essential because it serves as a primary incentive for people to start companies expand them and provide consistently high quality competitive goods and services?
Profit is essential as it serves as a primary incentive for entrepreneurs to start and expand companies. It motivates individuals to innovate and improve efficiency, ultimately driving the creation of high-quality, competitive goods and services. Additionally, the pursuit of profit encourages businesses to respond to consumer needs and preferences, fostering a dynamic marketplace. This cycle of innovation and competition ultimately benefits consumers and the economy as a whole.
Why is the mixed economy the best for the country?
In a mixed economy, the free market still has competition to improve the product as well as set prices, while the government can intervene to make sure that companies cannot harm customers by making sure that companies cannot do things like put lead in their products.
When the government attempts to improve equity in an economy the result is often?
an increase in overall output in the economy
What incentive dose private property give people?
Private property provides individuals with the incentive to invest in and maintain their assets, as ownership allows them to reap the benefits of their efforts. It encourages responsible stewardship, innovation, and economic productivity, as people are motivated to improve their land or possessions to increase their value. Additionally, private property rights foster a sense of security and autonomy, empowering individuals to make decisions that align with their personal goals and interests.
Why is there less economic growth with a command economy?
There is no motive to expand the economy in a command economy, whereas there are investors, changing demands, and prerogatives to improve production in a capitalist economy because of the competition that is lacking in a command economy.
What was the overall goal of the four Modernization's?
improve the economy
What are the factors effecting improve your economy?
There are several factors that can improve the economy. The biggest factor that can improve and economy is a low unemployment factor. When unemployment is falling the economy usually improves.
What are some good corporate incentive solutions?
Some good corporate incentive solutions include performance bonuses, employee recognition programs, professional development opportunities, and flexible work arrangements. These incentives can help motivate employees, boost morale, and improve overall job satisfaction.
How employee incentive are important?
Employee incentives are important in keeping up morale and providing motivation. They can reduce negative attitudes in the workplace and make employees feel valued. When rewards are possible, performance can improve and companies can become more profitable. Offering incentives can also bring in a better quality of applicants and improve employee retention.
Why did most of Joseph Mobutu's attempts to improve Democratic Republic of the Congo economy fail?
Many governments officials who ran the nationalized companies improved to be poor managers, and others stole their companies profits
How did serfdom slow improvement in agricultural production?
They had no drive or motivation do try to improve. They had no incentive.
What is the best way to improve Libya's economy?
The best way to improve Libya's economy is to destroy the capitalism.
Why is the mixed economy the best for the country?
In a mixed economy, the free market still has competition to improve the product as well as set prices, while the government can intervene to make sure that companies cannot harm customers by making sure that companies cannot do things like put lead in their products.
How will John McCain improve the economy?
McCain will improve the economy by going back to Arizona and letting Obama get to work
What is the purpose of incentive spirometry?
Spirometry is a diagnostic method for measuring gases and respiratory function. Incentive spirometry may be ordered to help patients practice and improve controlled breathing.
What incentive does private property give people?
Incentives to maintain and improve a resource over time.
What is Vietnam trying hard to improve?
economy A+ users
