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What is the economic system of the US Called explain how it works?
The economic system of the United States is backed by the USD with a mixed economy. A majority of it's economy is derived from services, industry and agriculture.
Explain growth of the global economy?
There are only three factors that constitute and contribute to economic growth: Labor, Capital, Technology.
Who is the French theorists whom searched for natural laws to explain the economy?
One of the French theorists who searched for natural laws to explain the economy is Frédéric Bastiat. He was known for his work on economic principles and free trade, advocating for limited government intervention and protection of individual rights in economic matters. His famous essay, "The Law," argues against government interference in the economy.
Explain a link between a rise in investment and a rise in economic growth?
Rise in investment in a country eventually leads to the rise in economy.
Explain the economic characteristics of the command and market economic?
Explain the economic characteristics of the command
Explain briefly the contribution of the factors of production to economic activity?
The faster that products can be made, the more economic activity that can occur. If the product production slows down, the economy will slow down as well.
Explain the changes deng xiaoping made it to the Chinese economy What were the effects of these changes?
The changes had radical implications for the structure of the economic and social life in China.
What do scientist use to explain the expanding universe?
Dark energy.
What is the economic system of the US Called explain how it works-?
capitalist economy, Karl Max describe a system in which a small group of people who control large amounts of money, or capital, make the most important economic decisions.
How was the economy in 1775?
How was the economy in 1775? Good or Bad? Explain
Who was the first person to explain the market economy?
Adam Smith
Explain stalins use of command economy in Russia?
its his command in economy
