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Why do all economics have similar central problems?
All economics in the current world (except North Korea) are based on open or semi open market capitalistic economy. Being the same economical model, they face similar central problems.
An economy in which the central government makes all the decisions about a country's economic policies?
This is a form of planned economy which is called a command economy. Command economies are central to the ideology of socialism.
Do all economic systems you central planners to decide how much of a good will be produced?
Not all economic systems rely on central planners to determine production levels. In command economies, central planners make these decisions, while market economies allow supply and demand to dictate production through individual choices and competition. Mixed economies incorporate elements of both, where some goods are produced through central planning and others through market mechanisms. Each system has its own approach to balancing efficiency, equity, and resource allocation.
Most economies today are economies?
all economies today are actually (mixed)
What are the economies of all cultures based on?
Economies of most, but not all, cultures are based on some type of currency (money). Economies could also be based on barter, gold, etc.
Why do all economics have similar central problems?
All economics in the current world (except North Korea) are based on open or semi open market capitalistic economy. Being the same economical model, they face similar central problems.
An economy in which the central government makes all the decisions about a country's economic policies?
This is a form of planned economy which is called a command economy. Command economies are central to the ideology of socialism.
Most economies today are economies?
all economies today are actually (mixed)
What is Today the economies of virtually all nations would be classified as?
mixes economies
What are the economies of all cultures based on?
Economies of most, but not all, cultures are based on some type of currency (money). Economies could also be based on barter, gold, etc.
What are the problems faced by Indian banks?
Similar to those face by all other banks
How does money greases the wheels of the economic activity?
source of inputs; used to purchase capital goods. payment of labour. medium of exchange in economies. it is central in all economic activities.
Why is documentation of all services and repairs an important organizational tool for a technician?
It provides reference material for similar problems when such problems are encountered in the future.
All large modern economies have become mostly market economies because market economies provide?
the most efficient use of resources in producing what people want
Are major economies reliant on arms sales?
Arms sales make a significant contribution to all major economies.
What are almost all economies today?
All economices today are actually
What are the four questions that all economies must answer?
why, how, what and now
