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criterias for good economic system

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Q: Criteria to judge an economic system?
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What are the 7 different criteria to judge an economic system?

What are the vital criteria use to jugde the performance of the various economics system


What are the criteria in choosing the best economic system model?

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Using one set of criteria to judge others and a different criteria to judge ourselves is called a?

double standard


Using one set of criteria to judge other and a different criteria to judge ourselves is called?

double standard


Using one set of criteria to judge others and another set of criteria to judge another is called?

Using one set of criteria to judge others and another set of criteria to judge another is called hypocrisy. It involves holding different standards for different people or situations, often leading to inconsistency.


What is KPI stands for?

In business terminology, the abbreviation "KPI" stands for "key performance indicator." When beginning a project or launching a new system for production, companies compose a list of criteria on which to judge the effectiveness of the new system. Each of these criteria becomes known as a KPI.


What are the criteria for judging in economic system?

There are many criteria that can be used to judge an economic system, but the main ones are efficiency and equity. Efficiency is defined as not just having markets that fit the theoretical definition of efficient, but having growth in the size of the economy and lots of innovation. Equity is the distribution of the income. The most efficient economy in the world does no good if the income from it is owned by a few people, and the rest live in wretched poverty. Equity also means the ability of every person to have the necessities of life, such as food, clothing, shelter, education, health care, etc.


What are the criteria for judging economic system?

There are many criteria that can be used to judge an economic system, but the main ones are efficiency and equity. Efficiency is defined as not just having markets that fit the theoretical definition of efficient, but having growth in the size of the economy and lots of innovation. Equity is the distribution of the income. The most efficient economy in the world does no good if the income from it is owned by a few people, and the rest live in wretched poverty. Equity also means the ability of every person to have the necessities of life, such as food, clothing, shelter, education, health care, etc.


What were the drawbacks of mandal commission?

it does not comply the economic criteria


Site selection criteria for housing development?

well, first of all we have two major criteria that these two have some other criteria related that we name it sub criteria two main criteria are Socio-economic criteria and Environmental criteria subcirteria for Socio-economic criteria are accessibility to roads nad trade center of city and so on. subcirteria for Environmental criteria are slop, height and .... each of these have maps to overlay with each other


What are the criteria to measure the effectiveness of operating system in relation to computer system?

what are the criteria to measure the infectiveness of computer system


What are the different economic system?

traditional economic system command economic system market economic system