The following is an example of economic forces: a.Demographic changes b.New regulations and new laws c.Level of disposable income d.Emerging technologies
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- 1. What is economics, and how can you benefit from understanding basic economic concepts? 2. Compare and contrast the world’s major economic systems. Why is capitalism growing, communism declining, and socialism still popular?briefly describe the four economic indicators that were impwhen evaluating a market for expansion? explain what each tells you about a market and why it's important.(1) Why is entrepreneurship considered a factor ofproduction? (2) Why is GDP considered a moreaccurate measure of a country’s economic health thanGNP?
- Each country is confronted with the fundamental economic problem of whicheconomic system to choose to solve their problems.a. Explain in your own words how a command economy works.b. If America had a command economy, would it have been possible forKevin Systrom and Mike Krieger to develop and sell Instagram? Providereasons for your answer.what is the opportunity or threats of Jollibee Corp in terms of GDP in the PHIn the history of the economy, there has been an understanding that the government does not need to intervene directly in economic activities. The economy is only based on market equilibrium (classical/micro economics). This understanding gave rise to the Great Depression. A. Retell the series of events of the great depression until an understanding emerges that there must be direct government involvement in economic activities! B. Give an analysis, what was the main cause of the great depression, even though at that time there was a very significant increase in production?
- 14. The Chinese government controls all factors of production, the Chinese government has which type of economic systems? A) Capitalism B) Socialism C) Market D) Communism1. Critically explain the concept of economic diversification 2. What is the importance of economic diversification?A. Instructions: Explain the following effects brought by globalization on the Philippine government, economy, and community. Write your answers in the space provided below. 4. The size of foreign investments has increased, and many poor economic habits and political trends have been erased. _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 5. Violence and drug abuse increased, and many deadly diseases have spread under the influence of globalization. _____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 6.…
- In which of the below economies would the vast majority of people engage in simple agricultural activities and consume most of their output. a. Raw material economy b. Subsistence economy c. Industrializing economy d. Emerging economy e. Industrial economy36- Mr. Ahmed is running a small grocery shop in Manah. During this pandemic, the sale of goods has gone down because of less demand. After 12 months of bad market conditions, the Business started slowly improving from March 2021. Identify the economic cycle he is facing at present. a. Thorough b. Peak c. Recovery d. RecessionConsider the following scenario and then answer the questions that follow. You and two friends have identified a gap in the market in your hometown for work-from-home business clothing. This clothing is functional, comfortable and looks smart in online conferences and meetings. You decide to start a new business designing and manufacturing the clothing. Identify and critically discuss the economic system you would prefer your business to operate in. Justify your choice. Discuss the resources you would need to start your business as entrepreneurs