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Without some trust that the loan will be repaid, lending will cease and firms will not be able to borrow to invest in production. Production will cease, or at least slow dramatically.

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Why are taxes important to our economy and how do they contribute to its overall health and functioning?

Taxes are important to our economy because they provide the government with the necessary funds to provide public goods and services, such as infrastructure, education, and healthcare. These services are essential for a functioning society and help support economic growth. Additionally, taxes help redistribute wealth and reduce income inequality, which can promote social stability and economic prosperity. Overall, taxes play a crucial role in maintaining a healthy and functioning economy by funding government activities and promoting economic stability.


What country is the richest country in economy?

China Trust Me...


How does our economy work and what factors influence its functioning?

The economy works through the production, distribution, and consumption of goods and services. Factors that influence its functioning include supply and demand, government policies, technological advancements, global trade, and consumer behavior.


Why banjaras are important for economy?

They are important for the economy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . because i dont know


What happened to the economy in Greece?

The state has a debt on its obligations. As a result it had to cut its costs. They have done that by lowering incomes (e.g. for civil servants). Many people protested. Production levels lowered. Final result was that the Greek economy got mixed up. Trust is important in economics. Many corporations and banks didn't trust the Greek state anymore. This had a damaging effect on Greece's economy as well.

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Why is the financial sector at the heart of every well functioning market economy and how it is vulnerable to systemic loss of trust?

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What is Washington state's economy based on?

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Why are taxes important to our economy and how do they contribute to its overall health and functioning?

Taxes are important to our economy because they provide the government with the necessary funds to provide public goods and services, such as infrastructure, education, and healthcare. These services are essential for a functioning society and help support economic growth. Additionally, taxes help redistribute wealth and reduce income inequality, which can promote social stability and economic prosperity. Overall, taxes play a crucial role in maintaining a healthy and functioning economy by funding government activities and promoting economic stability.


How does fake currency impact the normal functioning of the economy?

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Why is a strong economy important?

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Why is adherence to ethical standards important for the smooth functioning of an advanced market economy?

because it is the the lubricant that keeps the economy running without lubricant the economy would operate much less efficiently , less would be available to consumer, quality would be lower and prices would be higher.


What does it mean to regulate commerce and why is it important for the functioning of the economy?

Regulating commerce means controlling and overseeing trade and business activities. It is important for the economy because it helps ensure fair competition, consumer protection, and overall economic stability. By setting rules and standards, regulating commerce can prevent monopolies, fraud, and other harmful practices that could disrupt the economy.


What country is the richest country in economy?

China Trust Me...


What is important to the economy of Georgia?

what are the important features of Georgia's economy


How does our economy work and what factors influence its functioning?

The economy works through the production, distribution, and consumption of goods and services. Factors that influence its functioning include supply and demand, government policies, technological advancements, global trade, and consumer behavior.


Why banjaras are important for economy?

They are important for the economy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . because i dont know


What happened to the economy in Greece?

The state has a debt on its obligations. As a result it had to cut its costs. They have done that by lowering incomes (e.g. for civil servants). Many people protested. Production levels lowered. Final result was that the Greek economy got mixed up. Trust is important in economics. Many corporations and banks didn't trust the Greek state anymore. This had a damaging effect on Greece's economy as well.