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What does diverse economy mean?
A diverse economy is an economy based on more than one thing. So there is a great deal of diversity as far as products , goods and services as well as vendors.
In a market economy why do firms usually offer a variety of products and types of products for sale?
Different people like different things...
What is an important characteristic of a postindustrial economy?
The focus is on ideas instead of physical products.
Who developed hundreds of applications for farm products important to the economy of the south?
Swagtown usa
Which person developed hundreds of applications for farm products important to the economy of the south?
George Washington Carver
What does diverse economy mean?
A diverse economy is an economy based on more than one thing. So there is a great deal of diversity as far as products , goods and services as well as vendors.
What is a diverse economy?
A diverse economy is one that includes a range of industries and sectors that collectively contribute to its growth and stability. It involves having a mix of businesses and opportunities that provide employment and generate revenue, reducing dependence on any single industry or source of income. This diversity can help a region or country withstand economic downturns and adapt to changing market conditions.
In a market economy why do firms usually offer a variety of products and types of products for sale?
Different people like different things...
What is an important characteristic of a postindustrial economy?
The focus is on ideas instead of physical products.
Is a market economy the same as a command economy?
No, a command economy is where the central govt. controls everything. A market economy is where the govt. trades, buys, and sells products from different countries.
Who developed hundreds of applications for farm products important to the economy of the south?
Swagtown usa
Is Canada's economy diverse?
Yup!
Importance of entrepreneur?
Entrepreneur is important as it serves as the key driver to a healthy economy. Entrepreneurship is the fuel for the growth of the economy and creating new products and services.
Which person developed hundreds of applications for farm products important to the economy of the south?
George Washington Carver
Why were the colonies so important to a mercantilist economy?
Colonies were important in the mercantile economic systems because they were markets in which to buy products from the home country.
In what way are entrepreneurs and businesses at the helm of the economy but commanded by consumers?
they serve an important purpose in the economy, the economy needs the entrepreneurs to sell various products, but the entrepreneur needs consumers to buy that particular product
What type of economy products do Italy have?
Italy's economy is a market economy
