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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.
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 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.
What is the economic significance of industrial revolution?
The Industrial Revolution marked a pivotal shift from agrarian economies to industrialized ones, leading to unprecedented economic growth and productivity. It introduced mechanization, which significantly increased production efficiency and lowered costs. This transformation spurred urbanization, created new job opportunities, and fostered innovations that laid the groundwork for modern economies. The shift also contributed to the rise of capitalism and changes in labor dynamics, influencing global trade patterns and economic structures.
The modern theory of money employment in ternational trade and economic growth are part of which man?
walres
Why are most modern economies referred as mixed economies?
poverty is always higest in countries with market economies
How does the modern economy compare to the economy that existed just after the end of World War 1?
The modern economy, characterized by globalization, advanced technology, and digital commerce, contrasts sharply with the post-World War I economy, which was primarily industrial and regionally focused. After WWI, many countries faced economic instability, hyperinflation, and the shift from wartime production to peacetime markets. In contrast, today's economy benefits from interconnected global supply chains and digital innovation, fostering rapid information exchange and economic growth. Additionally, modern economies are more diverse and service-oriented than the predominantly manufacturing-based economies of the early 20th century.
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
