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Write a short note on Mixed Economy?
Mix way economy is also known as mid way economy. Mix economy/ mid way, economy is one where resources are owned by the government and by the private sector. The basic question of · What to produce · How to produce & · For whom to produce Will be answered by the government and the private sector. The resource allocation will be made by both the sector. There will be government planning and private sector will take decision based on customer preference. The vast majority of countries around the world have some form of mixed economy where some resources are allocated through the price or market mechanism and other are allocated by the state. In theory, such a system is able to combine the best element of both a planned economy and a market economy. In reality the proportion of planned and market varies, with some countries placing more emphasis on market solution to resources allocations another favoring a greater role for estate for planning. One example of mix economy /mid way economy is: MAURITIUS
What rapid expansion means?
It means that a company has grown at a rate faster than the economy around it has or that it has improved/increased its customer base or increased its market share with its product
How does expansionary monetary policy affect interest rates?
Expansionary monetary policy is usually engaged in two ways. The central bank will lower the prime rate and the government can print more money. Generally this is done to stimulate the economy. You achieve more money in the economy so that there are more jobs created and the money goes around and around to increase the GDP. At some point this goal is overachieved. There will be too much money going around and around and that results in too much money chasing too few goods. You then have inflation as people bid up the price of goods. The central bank then has to do the opposite and raise interest rates and stop printing more money. One other monetary tool is to lower and raise taxes but in America the voters only want taxes to go down.
What is the average fixed interest rate on rent to own homes?
The average fixed interest rate on rent to own homes was around 2.6% at the start of 2013. As with any other kind of loan, this interest rate may vary over time as the economy changes.
What was average home mortgage payment in 1948?
In 1948, the average home mortgage payment in the United States was approximately $40 to $50 per month. This amount reflected the post-World War II housing boom, characterized by lower interest rates and a growing economy. Homes were generally more affordable at the time, with the average home price around $7,700.
How did hoover think volunteerism would help turn the economy around?
businesses and individuals would work together t o end the crisis
Who said Relief Recovery is just around the corner'?
Herbert Hoover
What did Herbert Hoover say during The great depression?
Hoover said that prosperity was around the corner, but the prosperity coming around the corner never came in Hoover's time in office
Prosperity is just around the corner?
President Herbert Hoover believed that prosperity was just around the corner
Who was the president during the early depression told people this was just around the corner?
Herbert Hoover
What was Herbert Hoover Weight and height?
Five feet eleven inches was his height. He weighed around 180 pounds.
What was a weakness of Herbert Hoover?
Hoover's weakness during the depression was his inability to grasp the seriousness of the situation. His other weakness was that he didn't know how to use the considerable power of the federal government to turn things around.
What did president Hoover assure the nation on Friday October 25 1929 the day after Black Thursday?
On October 25, 1929, the day after Black Thursday, President Herbert Hoover reassured the nation by expressing confidence in the American economy. He emphasized that the fundamentals of the economy were strong and that recovery was just around the corner. Hoover urged the public to remain optimistic and not to panic in the face of stock market fluctuations. His message aimed to restore faith and stability during a time of economic uncertainty.
President during early depression told people this wa just around the corner?
Herbert Hoover told people Prosperity was just around the corner.
What president was around in 1930s i need it for a famous American project?
Herbert Hoover(1930-1933) and Franklin Delano Roosevelt(1933-1939)
Which was not a response taken during the hoover adminitstration in an attempt to turn the economy around?
Family Assistance Act to provide direct monetary aid to families
Description of Herbert Hoover describe?
It ended the payment of war debts for one year
