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Innovation tends to lag in centrally planned economic systems due to a lack of competition and market incentives that drive creativity and efficiency. In such systems, decision-making is often centralized, which can lead to bureaucratic inefficiencies and slow response times to changing consumer needs. Additionally, resources may be allocated based on political priorities rather than market demands, stifling entrepreneurial initiatives. As a result, there is often less motivation for individuals and organizations to pursue innovative ideas.
What else can I help you with?
How did economic growth in the south compared to economic growth in the rest of the country?
the economic growth lagged behind because they had to repair damages from the war
How would you define a leading economic indicator?
Lagged economic indicators are economic indicators such as employment and GDP which have been lagged to include the economic indicators value from an earlier time period. Such as employment being lagged t-1, where the employment value for t-1 would be the employment value for the previous year not the current year.
What were the goals of a mercantilist economic policy in the colonial era?
First of all, you're from Fairfax High School taking AP US History, aren't you? Well, mercantilism is the belief that one person or nation could grow rich only at the expense of another nation, and that a nation's economic health depended on selling as much as possible to foreign lands and buying as little as possible from them. Based on that, the goals of a mercantilist economic policy would be to exploit the natural resources of another nation (in this case America) and try to buy as little as possible from England (one of the main reasons the colonies started to create metal works industries in the North). These industries that exploited the land provided commodities that could be exported to England as an exchange for some manufactured goods. The colonies were trying to be more self-sufficient since the ability of people to acquire manufactured implements lagged far behind the economy's capacity to produce them.
What was the effect of inflation on industry and its workers in World War 1?
During World War I, inflation significantly impacted industry and workers by driving up prices for basic goods and services, which eroded purchasing power. As industries ramped up production to support the war effort, labor demand surged, leading to wage increases for many workers. However, these wage hikes often lagged behind inflation rates, resulting in decreased real income for some. Additionally, the economic strain contributed to labor strikes and unrest as workers sought better compensation and conditions amid rising costs.
What statement about productivity in the service sector of the U.S. economy is most accurate?
Productivity in the service sector of the U.S. economy has generally been slower to grow compared to the goods-producing sector. This is partly due to the labor-intensive nature of many service jobs, which often rely on human interaction and cannot be easily automated. However, advancements in technology and digital services are beginning to enhance productivity within this sector. Overall, while service sector productivity growth has lagged, it is gradually improving as businesses adopt new technologies and processes.
How did economic growth in the south compare to economic growth in the rest of the country?
Economic growth lagged behind because they had to repair damage from the war.
How did economic growth in the south compared to economic growth in the rest of the country?
the economic growth lagged behind because they had to repair damages from the war
How did the economic growth in the south compare to economic growth in the rest of the country?
Economic growth lagged behind because they had to repair damage from the war.
How would you define a leading economic indicator?
Lagged economic indicators are economic indicators such as employment and GDP which have been lagged to include the economic indicators value from an earlier time period. Such as employment being lagged t-1, where the employment value for t-1 would be the employment value for the previous year not the current year.
Is jet-lagged the past tense form of jet-lag?
Jet-lag isn't actually a verb. When you say you are jet-lagged, it's an adjective.
Per-lagged storage vessels use expanded foam insulation?
excluding cfc
What every happen to Michelle Loewenstein?
she lagged out of mid lane
Halo3 your katana sword is gone?
you lagged... try to get a better connection.
Who sings jet lagged the song?
hinde ko rin alam
Islamic capital cities lagged behind most European cities?
false
What did the south lag behind in compared to other areas of the country?
They lagged in Education
Explain causal modeling forecasting?
Casual forecasting involves determining of factors that relate to the variable you are trying to forecast. These include multiple regression analysis with lagged variables, econometric modeling, leading indicator analysis, diffusion indexes, and other economic barometers.
