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because then people begin to rebell
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∙ 12y ago
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What are the pros and cons of command economy?
Pros A sense of community within the economy Income equality Potential to get things done very quickly Cons Little innovation No competition within the economy Firms will have a hard time competition in the world market The quality of the good are detrimental Inefficient allocation of resources Lack of Freedom Lack of personal gain Generally, there is a lower standard of living when compared to a free market economy
Lack of security and its effects to economy?
Privacy activity increase because lack of security and make economy of a country easily being hack
Is there more freedom of new ideas in traditional economy?
NOT REALLY. You could make the argument that because there is no question of capital allocations that there is a higher degree of personal liberties a traditional economy and, therefore, more freedom to propose or consider new ideas. However, the ambit of those ideas (e.g. their variety and distinctiveness) is markedly limited because of the lack of diversity and variety in a person's environment if they are living in a traditional economy. As a result, the actual ambit of the ideas is much less than even a repressed person in an authoritarian-led modern economy. Additionally, the lack of capital and credit in a traditional economy means that prototypes conceived can often not be built or tested, meaning that the invention often would die as soon as the inventor forgets about it.
What are the main problems of economy?
One of the problems an economy may face is a lack of resources. Another may be lack of skill in a particular industry. High cost of production and poor infrastructure may also be problematic to an economy.
What problem did the move toward a market economy economy cause?
inflation due to lack of goods and profit motive unemployment due to change in objective and structure of the economy industrial unrest due to labour unrest lack of markets lack of welfare system changes in the international trade pattern
What are the pros and cons of command economy?
Pros A sense of community within the economy Income equality Potential to get things done very quickly Cons Little innovation No competition within the economy Firms will have a hard time competition in the world market The quality of the good are detrimental Inefficient allocation of resources Lack of Freedom Lack of personal gain Generally, there is a lower standard of living when compared to a free market economy
What you dislike most about being a parent?
Lack of freedom. Lack of privacy. Lack of free time. Lack of sleep.
What are the pros and cons of traditional economy?
Cons Lack of modernization, hard to change economy's "style" Little innovation No competition within the economy Firms will have a hard time competition in the world market The quality of the good are detrimental Inefficient allocation of resources Lack of Freedom Lack of personal gain Generally, there is a lower standard of living when compared to a free market economy Pros A sense of community within the economy Income equality Potential to get thins done VERY quickly The roles of individuals are clearly defined Every member of the society knows exactly what to do Most don't have complaints about what to do
Lack of security and its effects to economy?
Privacy activity increase because lack of security and make economy of a country easily being hack
What causes terrorism in the Philippines?
lack of freedom..
Which region was hurt during the civil war because of its lack of innovation?
The south was hurt because of its lack of innovation. Source: U.S. History teacher
What was one of the biggest problems the prisoners had?
Lack of freedom.
Is there more freedom of new ideas in traditional economy?
NOT REALLY. You could make the argument that because there is no question of capital allocations that there is a higher degree of personal liberties a traditional economy and, therefore, more freedom to propose or consider new ideas. However, the ambit of those ideas (e.g. their variety and distinctiveness) is markedly limited because of the lack of diversity and variety in a person's environment if they are living in a traditional economy. As a result, the actual ambit of the ideas is much less than even a repressed person in an authoritarian-led modern economy. Additionally, the lack of capital and credit in a traditional economy means that prototypes conceived can often not be built or tested, meaning that the invention often would die as soon as the inventor forgets about it.
What are the main problems of economy?
One of the problems an economy may face is a lack of resources. Another may be lack of skill in a particular industry. High cost of production and poor infrastructure may also be problematic to an economy.
Limitation of freedom in business ethics?
sex is the main freedom in the limitation of lack of business ethics __this is the answer...
What problem did the move toward a market economy economy cause?
inflation due to lack of goods and profit motive unemployment due to change in objective and structure of the economy industrial unrest due to labour unrest lack of markets lack of welfare system changes in the international trade pattern
What are some disadvantages of plbanned economy?
The disadvantage of a planned economy is that there is lack of profit which usually leads to the inefficiency of the firms.
