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Why do economists pay more attention to national economies for example the US or Canadian economies than to state or provincial economies such as California or Ontario?
Wiki User
∙ 13y ago
This notion that economists pay more attention to the national economies is right and wrong. It's right because many "big guys" for example: Central Bank makes most of the headline regarding national economy creating a illusion that it's all the economist concerns about. In addition, foreign economists will look at a COUNTRY rather than an individual state when assessing that country's economy.
However, it's wrong because many economists do work on the state level and help state/province governor make economic decision that will affect that state.
Wiki User
∙ 13y ago
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Most economies have what economists call?
mixed economies
Why more modern economists are mixed economies elaborate?
Most mixed economies can be described as market economies with strong regulatory.
Why According to Adam smith and other classical economists why is the economic theory supporting market economies or capitalism much more realistic than theories supporting command economies?
According to Adam Smith and other classical economists, the economic theory supporting market economies or capitalism are much more realistic than theories supporting command economies because they are based on self-interest.
According to Adam Smith and other classical economists why is the economic theory supporting market economies or capitalism much more realistic than theories supporting command economies?
According to Adam Smith and other classical economists, the economic theory supporting market economies or capitalism are much more realistic than theories supporting command economies because they are based on self-interest.
Economists make comparisons between the US type of economy and other economies around the world?
true
Most economies have what economists call?
mixed economies
Why more modern economists are mixed economies elaborate?
Most mixed economies can be described as market economies with strong regulatory.
Why According to Adam smith and other classical economists why is the economic theory supporting market economies or capitalism much more realistic than theories supporting command economies?
According to Adam Smith and other classical economists, the economic theory supporting market economies or capitalism are much more realistic than theories supporting command economies because they are based on self-interest.
According to Adam Smith and other classical economists why is the economic theory supporting market economies or capitalism much more realistic than theories supporting command economies?
According to Adam Smith and other classical economists, the economic theory supporting market economies or capitalism are much more realistic than theories supporting command economies because they are based on self-interest.
Economists make comparisons between the US type of economy and other economies around the world?
true
What of these concepts was proven by the neoclassical economists?
interference from governments had been harmful to the growth of economies during the nineteenth century
What are perks of being an economist?
Economists typically enjoy job stability and competitive salaries. They have the opportunity to have a deep understanding of how economies function and influence policy decisions. Additionally, economists often have the chance to work across various industries and sectors.
How did the great depression affect economists beliefs about the macroeconomy?
Instead of assuming that the macroeconomy would automatically recover from a recession, economists began to consider the possibility that modern market economies could fall into prolonged contractions and that government assistance would be necessary to pull them out.
What are the economies of the West?
Many economists consider the term "West" to mean Europe and North America. With that said and understanding that there may be another understanding of the question, it can be safely said the economies of the West are so-called mixed economies. This is a combination of privately owned companies and publicly owned or publicly controlled economic sectors.
What is the capitalism view on globalization?
Capitalism is the economic system that dominates the world today. Economics is a study that tries to understand how economies work, when economists today refer to the economy, they are referring to the capitalist system. Though economists only use the term "capitalism" on a more regular basis when it is in crisis.
Most economies today are economies?
all economies today are actually (mixed)
Why might developed economies want to outsource manufacturing and other jobs to developing economies?
Why might developed economies want to outsource manufacturing and other jobs to developing economies?
