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Why market economies stimulate greater economic growth whereas state-directed economies stifle growth?
Wiki User
∙ 14y ago
I think that because market economy is and economic system in which the interaction of supply and demand determines the quantity in which goods and services are produced, whereas state-directed economy refers to an economy in which the state plays a proactive role in influencing the direction and magnitude of private-sector investments.
Wiki User
∙ 14y ago
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Why free market economies stimulate greater economic growth?
Free market economies stimulate greater economic growth in various ways. Such a market is able to integrated the demand and supply which makes the economy interactive and more productive.
What is the meaning of economies of product differences?
The meaning of economies of product differences... The greater the difference in products produced by two economies the greater the economic efficiency to be obtained from trade between the two as per the theory of comparative advantage.
Globalization creates greater what?
Interconnections among the people and economies of the world
What is one of the benefits of increasing economic interdependence'?
Greater economic growth is one of the benefits of increasing economic interdependence.
Is economic growth necessary for economic development?
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.
Why free market economies stimulate greater economic growth?
Free market economies stimulate greater economic growth in various ways. Such a market is able to integrated the demand and supply which makes the economy interactive and more productive.
What is the meaning of economies of product differences?
The meaning of economies of product differences... The greater the difference in products produced by two economies the greater the economic efficiency to be obtained from trade between the two as per the theory of comparative advantage.
Globalization creates greater what?
Interconnections among the people and economies of the world
What is on of the benefits of increasing economic interdependence?
Greater economic growth is one of the benefits of increasing economic interdependence.
Does rapid population growth stimulate greater public services?
The government find out and make better things.
What is one of the benefits of increasing economic interdependence'?
Greater economic growth is one of the benefits of increasing economic interdependence.
Did the north or the south have a greater economic resources in the civil war?
The North had the greater economic resources as it was industrialised while the South relayed on a slave and cotton economy.
Is economic growth necessary for economic development?
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.
What is one of the benefits of increasing interdependence?
Greater economic growth is one of the benefits of increasing economic interdependence.
Where is Russia's most important economic region located?
Russia's most important economic region is greater Moscow.
Why do you need to produce new varieties?
For better adaptability and greater economic values
What was the goal of congress of racial equality?
they pressed for greater economic opportunity for African Americans
