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Why economic growth is desirable for modern open economies

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10y ago

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Why is the gold standard considered bad for modern economies?

The gold standard is considered bad for modern economies because it limits the flexibility of monetary policy, constrains economic growth, and can lead to deflationary pressures. Additionally, it can create instability in the financial system and make it difficult for governments to respond to economic crises effectively.


How have world economies changed during the modern era?

Economic philosophies such as capitalism and communism have been developed.


How have economies changed during the modern era?

Economic philosophies such as capitalism and communism have been developed.


When did modern economic growth begin?

with the Industrial Revolution


When and where did Modern economic growth begin?

In Netherland- 17th Centuraty


Which type of economic activity has grown more important in modern economies in recent years?

Tertiary economic activity has grown more important in recent years. Tertiary economic activity is the economic activity of the service sector.


Why are most modern economies referred as mixed economies?

poverty is always higest in countries with market economies


The modern theory of money employment in ternational trade and economic growth are part of which man?

walres


The modern theories of money employment international trade and economic growth are part of this man's system?

Walras


The modern theories of money employment international trade and economic growth are part of this mans system?

Walras


The modern theories of money employment international trade and economic growth are part of this man's system.?

Walras


Why more modern economists are mixed economies elaborate?

Most mixed economies can be described as market economies with strong regulatory.