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Q: Will globalisation lead to more or less individual freedom?
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Does globalisation improve living conditions in less economically developed Countries?

no


How does globalisation affect people in ledcs?

it makes led less developed and causes problems


How would falling cottons prices lead to less demand for farm works?

It would lead to less demand for farms is that when farmers don't have the right amount of cotton they need they can loose demand for it


How are prices determined in a well functioning economy?

By simple supply and demand theory. The more demand, or the less supply, will lead to higher prices. The less demand, or more supply, will lead to lower prices.


Do indifference curve meet?

Indifference curves are the graphical representation of the preferences of an individual. In microeconomics there are three assumptions about preferences in order for them to make sense in terms of the graphical representation through indifference curves. One assumption is the notion of completeless. This means that there is no ambiguity between what the individual prefers. The individual prefers one over the other or the individual does not care which one he gets. Another assumption is that preferences are consistent. For example if an individual prefers good A to good B and good B over good C. Then the individual prefers good A to good C. The last assumption is that an individual will always prefer more goods than less of a good. An indifference curve depicts all the combinations of goods that provide the individual the same amount of satisfaction. If two indifference curves intersect, this violates the last assumption of individual preferences that more is preferred over less of a good. In this case the individual is indifferent to less when the individual can have more. The problem with this violating these assumptions is that they are the basis of utility or profit maximization. If a firm or individual prefers less than the tools of utility or profit maximization will not make accurate predictions.

Related questions

How did the totalitarianism that arose after World War 1 differ from earlier forms authoritarianism?

Answer this question… It allowed for much less individual freedom.


A conservative today is a person who wants the individual to have?

more economic freedom, less personal freedom.


A Libertarian today is a person who wants the individual to have what?

more personal freedom, less economic freedom.


What do Republicans do about government?

They shrink it. Republicans want individual freedom and less government control.


Does globalisation improve living conditions in less economically developed Countries?

no


How does globalisation affect people in ledcs?

it makes led less developed and causes problems


How did the totalitarianism that arose after World War 1 differ from earlier forms of authoritarianism?

Answer this question… It allowed for much less individual freedom.


What can be done to make globalisation fairer?

To make globalisation fairer TNCs need to be less greedy and work with people like their workers, consumers and government. This would help by the TNCs realising how they influence countries and different people.


What is the most important differences between a democratic republic and british government of the American revolution?

A Democratic Republican was in favor of individual freedom foremost, and was less worried about government.


How do animals suffer in the zoo?

they get less freedom


How do taxes affect freedom?

This is a general question and the answer fits most nation's economies. This answer will pertain to individual freedom rather than corporate or government, both are affected by taxes. But back to the individual. With low taxes individuals keep more of their monies and thus have more economic freedoms to purchase or place into savings funds that with high taxes could not be as easily done. Thus the other part of the answer is almost already said. That is with high taxes, individuals have less economic freedoms, as they have less money.


What has science done to reduce the impact of lead in the environment?

Lead recycling and less lead has been used.