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What economic differences existed between the Super Powers?

The economic differences between the Super Powers, primarily the United States and the Soviet Union during the Cold War, were stark. The U.S. operated under a capitalist system characterized by free markets, private ownership, and consumer-driven growth, leading to higher standards of living and innovation. In contrast, the Soviet Union followed a command economy model, where the state controlled production and distribution, resulting in inefficiencies and limited consumer choice. These fundamental economic ideologies not only shaped their domestic policies but also influenced their global strategies and conflicts.


Can India be an economic super power by next ten years?

No foolIt is a fast developing country going to be one of the leading global SUPER powers in this decade as per the study and reports of World Bank and other UN AgenciesIndia has the potential to become a global economic super power by 2020, next to China as per reports of World Bank and other UN Agencies. The present growth rate of 6-6.5% is still a matter of envy to many western countries who are vying for capturing the vast middle class consumer market of India. Even the U.S. President sent his emissary to Indian Prime Minister to pursue his Government's allies to give consent to FDI in retail trade. The huge human resources of India,if properly utilized, can do miracle in accelerating the rate of growth to a cherished figure of 8.5-9.0%.


What is the formula for evaluating a business' goodwill?

Goodwill (by Average profit Method) = Average profit X No.of years purchaseGoodwill(by Super profit method) Normal profit = Average capital employed X Normal rate of return / 100Super profit = Actual profit- Normal profitGoodwill = Super profit x Number of years purchase (usually specified in question)


What is super-normal profit in the long run?

Super-normal profit, also known as economic profit, occurs when a firm's total revenue exceeds its total costs, including both explicit and implicit costs. In the long run, in a competitive market, super-normal profits attract new entrants, increasing supply and driving down prices until profits normalize to a level where only normal profit is achieved. This process ensures that resources are allocated efficiently, as firms in competitive markets cannot sustain super-normal profits indefinitely. Ultimately, the long-run equilibrium results in firms earning just enough to cover their opportunity costs.


Which regions of India have benefited the most from economic growth?

Super super hahaha

Related Questions

Where can you buy 15 iTunes card?

You can purchase an iTunes gift card from mtcgame they have the best prices I always purchase from them


Where can you purchase buildings insurance from?

There are several places one can purchase buildings insurance from. These places include Money Super Market, Co-operative Insurance, Hiscox USA, and Churchill.


How old do you have to be to purchase food in a super market?

There are no age requirements to buying food in a supermarket. People of all ages need to eat.


Who are Super market beauties why does crash call them that?

Super market beauties


What is the name of the rewards program for Publix Super Market?

The name of the rewards program for Publix Super Market is called GreenWise. The Publix Super Market is a very successful super market that is worth millions of dollars.


Where can you buy fresh products?

Consumer's are able to purchase fresh products from farmer's markets, family owned farms, and the organic section located in most major super markets.


How does KFC market their product?

Super super super bad


Where you purchase salik card abu dhabi?

Salik Card can be purchased in Emirates post office Al Ansari Exchange Al Safa Super Market.


When was Super Black Market Clash created?

Super Black Market Clash was created in 1980.


What is the difference between hyper market and super market?

A super market is a grocery store, A hyper market is a store that sells groceries and regular retail merchandise.


What are the disadvantages of super market?

There are disadvantages for both the operator and the consumer. The operator has high space costs for the amount of stock and also the cost of storing items. The consumer does not always get the best customer service or "personal service" and they may question the freshness of produce and meat items.


Is supermarket a word from market?

I believe it is a large market. i.e. Super Market.