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Capitalism is prevalent in the global economy because this economic system allows individuals freedom to make choices. With this system, people are free to do what they want to do and use their money where they want to.
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How did exploration and colonialism lead to the growth of capitalism market economy and mercantilism?
When the people went to explore, they found spices, plants, animals, and food. So these items led to producing a market economy, supply and demand, capitalism, and mercantilism.
True or false a mixed economy is one that has no government control of business?
False. A mixed economy is a mixture of socialism and capitalism. So there is some government control over business, and some private ownership.
Is capitalism democratic?
IT CAN BE, BUT IS NOT NECESSARILY SO. Capitalism is exclusively an economic system where private companies drive a country's trade and industry. So, in terms of economics, capitalism leaves the wealthy industrialists and entrepreneurs in control of the economy. However, as concerns governments, capitalism provides no clear answer as to who is in power. Capitalism can occur under nearly any form of government, be it democracy, monarchy, autocracy, military junta, or a theocracy.
How does the global economy affect the job market?
One way the global economy effects the US job market is when it's bad people in other countries are not able/willing to buy products so there is less need for workers here to make these products.
Do you need war to solve global financial crisis?
You need a renewable source of fuel so the economy would stabilize.
How did exploration and colonialism lead to the growth of capitalism market economy and mercantilism?
When the people went to explore, they found spices, plants, animals, and food. So these items led to producing a market economy, supply and demand, capitalism, and mercantilism.
What is Kuwaits economy?
The economy of Kuwait is a mixed economy. The government owns and controls almost everything, but there are also room for a free market and not so regulated capitalism. The system could remind of socialism because they give public services.
True or false a mixed economy is one that has no government control of business?
False. A mixed economy is a mixture of socialism and capitalism. So there is some government control over business, and some private ownership.
Is south korea a communist market economy?
No, South Korea had never been a communist country before.
What is better: socialism or capitalism?
capitalism
Is capitalism democratic?
IT CAN BE, BUT IS NOT NECESSARILY SO. Capitalism is exclusively an economic system where private companies drive a country's trade and industry. So, in terms of economics, capitalism leaves the wealthy industrialists and entrepreneurs in control of the economy. However, as concerns governments, capitalism provides no clear answer as to who is in power. Capitalism can occur under nearly any form of government, be it democracy, monarchy, autocracy, military junta, or a theocracy.
Why is the peer group so prevalent in your society?
why is the peer group so prevalent in society
How does the global economy affect the job market?
One way the global economy effects the US job market is when it's bad people in other countries are not able/willing to buy products so there is less need for workers here to make these products.
Do you need war to solve global financial crisis?
You need a renewable source of fuel so the economy would stabilize.
Define globalizationhow has it helped the Indian economy?
Globalization has helped the Indian economy by helping it to identify its weaknesses, such as a lack of infrastructure, so that it can fix these problems and become full participants in the global marketplace. Globalization brought India the technology that it needed to compete in the global marketplace.
How did president Ronald Reagan's policies affect poverty levels in the US?
Reagan’s policies involved defending capitalism and the capitalist class, so naturally they led to the maintenance and reinforcement of poverty.
Is Japanese capitalism?
Japan operates a market economy that adheres to many basic capitalist concepts. However because it does expect citizens to pay tax for infrastructure and some public services so it would be fair to describe it as a mixed economy.
