right nowpresident barrack is trying his best to get the economy back up its just how hard it fell
Answer choices would be helpful here.
However, the general difference between mercantilism and capitalism is that mercantilism is more restrictive than capitalism. Mercantilism is the economic policy that a metropole should have a number of colonies that provide it material wealth, unrefined resources, and a market for its goods. As a result, according to mercantilism, the colonies were required to engage in two general behaviors: (1) The colonies were locked into exclusive trade between the colonies and the metropole and were not allowed to trade with any other nation or colony. (2) No manufactures or complex goods could be made in the colonial territory. As a result the colonies would provide wealth to the metropole by trading their natural resources for less than they would be worth and by buying manufactures for much more money.
As a result, entrepreneurial colonists that wanted to make manufactures or to trade with other parties engaged in smuggling. This kind of smuggling disappears significantly when trade restrictions are lifted.
entrepreneur
An economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.
They sold their own things ; Anything. A free market is a market where it is "free" to sell your own items
What is nigeria's economic system? What is nigeria's economic system?
Formerly a socialist command economy, now Russian-style crony capitalism
Most countries have similar economic systems, which are a mixture of a free market and government regulation.
The price goes up on materials that become scarce. Some, like gas, go up and down in response to price futures, political or economic policy. The gas can be stored at a low price but you will pay the price determined by the prevailing price at present.
The government doesn't organize the economy. They can try and fiddle with it, but an economy is people interacting with each other. You should do some reading, because I feel you don't have a strong grasp of economics.
OIL, OIL, More Oil and Natural Gas...
The Iranian economy is heavily dependent on the lucrative oil and gas sector. ... Iran produced 6 million barrels per dayin the monarchy's final years. ... This, however, does not measure the true cost of subsidies. The US has an embargo on Iranian Oil but that doesn't stop other surrounding countries from buying it.. Also; the underground also has pipelines of arms, and weapon trading.
The poor; meaning most of the countries hard working citizens depend on self preservation by selling, food, artwork, and anything they can to survive. Like most countries the rich get richer and poor suffer...
Okay I have this for homework too, so here's what I got.
Advantages- You can all vote together for laws
Disadvantages- You might not get what you want
*hope this helped, not sure if its the best answer but its the best I can to at the moment. Welcome lol
Nicki Manja
If she is not available it is the closest person who can twerk
An economy that depends on a large amount of spending by consumers
Monarchy
Someone wrote Monarchy, a monarchy is a government system. The true answer is Mostly market. That answer is actually a economic system.
Latvia's economic freedom score is 65.2, making its economy the 56th freest in the 2012 Index. Its score is 0.6 point worse than last year as a result of worsened management of public finance and corruption. Latvia is ranked 25th out of 43 countries in the Europe region, and its overall score is above the world average.
Latvia's ongoing transition to a more vibrant and market-oriented economy has been facilitated by openness to foreign trade and the efficiency of business regulations that promote entrepreneurial dynamism. Nonetheless, perceived corruption, exacerbated by a relatively inefficient judicial system, undermines the foundations of economic freedom and threatens long-term competitiveness.
The global financial and economic turmoil took a heavy toll on Latvia, but the economy has gradually been recovering from the severe shock of the crisis, particularly since mid-2010. The country had to take an International Monetary Fund-led bailout requiring strict budget management and other economic reforms but has followed through on budget-cutting measures. With signs of economic stabilization emerging and committed political leadership in place, Latvia is better positioned than some other countries in the region to regain robust levels of growth
Industrial capitalism emerged during the mid-18th century as the Industrial Revolution flowered. Industrialists had great economic power because of investment in factories and machinery. Agriculture became more mechanized as well.