What are the demerits of a socialistic economy only 2 demerits.

Q: How does political economy explain the culture, social structure/segmentation, and level of literacy…

A: Political economy:- Political economy is a discipline of economics that studies the interactions…

Q: Modifying Locke’s views on free markets, Adam Smith’s arguments rest on __________ arguments that…

A: Adam Smith trusted in the ‘natural law’ doctrine. He believed that every individual works for his…

Q: How can the decision of U.S. citizens to save money cause economic problems for the economy?

A: The economic problem means that the country’s scarce resources are not sufficient enough to satisfy…

Q: Explain economic impacts of democracy?

A: When a nation transforms from a non-democratic system to a democratic one, it often experiences a…

Q: Describe the public policy cycle? Support your answer with examples.

A: The course of public approach has various stages which communicate in a powerful manner:…

Q: From Adam Smith's Wealth of Nation , What are the three key roles that government should fill in…

A: The father of economics, Adam Smith published his famous book "An Enquiry into the Nature and Causes…

Q: Generally speaking, which type of government is associated with greater economic freedom?   A)…

A: A socialist economy is an arrangement of production where labor and products are delivered…

Q: What are the four roles of government? Give an example of each role.

A: The of government has multi dimensional roles which can be summarized as taking action in interest…

Q: What is the purpose of the Bill of Rights? A to avoid potential abuses of power under the…

A: In an economy, government is an entity that is needed when people interact with each other for the…

Q: Could the economy function without government intervention?

A: An economy refers to a piece of land that is regulated by a single government and people make…

Q: Why are good policies and programs important in states?

A: In different states, there are different types of government to manage the socio-economic activities…

Q: what did adam  proposed that government should do to help the economy

A: Government is a very important economic unit. It controls an economy and provides various resources…

Q: How do taxes influence the four sector model?

A: Households, businesses, government, and foreign trade are all part of a four-sector economic…

Q: Assuming you the leader in your local government, how can you empower your constitute to be actively…

A: Employment in the local area can be increased by new projects or investments. When a project starts…

Q: What can government do to encourage the development of new technology?

A: The development of new technology will further lead to the economic growth of the nation. Due to…

Q: What do you think is Technopreneurship?

A: Economic  development is the process by which the economic well-being and quality of life of a…

Q: .  Like the U.S., all democratic countries have federal constitutions as the foundation of their…

A: Unitary democracy is a government system in which the authority of the constitution lies with a…

Q: What are core ideas behind less government/free market governance?

A: The free market is a supply-and-demand business mechanism with little to no government interference.…

Q: Discuss each of the following statements from the standpoints of equality and efficiency. a.…

A: a) This policy is in line with the equity principle, because here all the people in society are…

Q: what is being done to end unemployemnt?

A: Unemployment is defined as when an individual who is willing to work but he is unable to find any…

Q: Why do companies need to engage in the circular economy ?

A: Organization refers to a company that provides employment to people. An organization provides goods…

Q: What is maginalise group

A: Using methods like social welfare functions and cost-benefit analysis, welfare economics aims to…

Q: Public Policy

A: Public policies are the combinations of actions, laws, regulations, policies and several other…

Q: How do political dynasties affect society

A: A political dynasty, can often be call a political family system, is a family system in which the…

Q: How democracy effect economy of any country? Explain with logical examples.

A: In democratic country the people of the nation have the power to decide the institution, and the…

Q: What are the three ways that societies can organizethemselves economically?

A: A realm in which items and services are produced, distributed, traded, and consumed by diverse…

Q: he industries in South Africa, such as housing and healthcare, are controlled by the government.…

A: The conclusions that can be drawn about the South African economy based on the given information is…

Q: Why is the study of economics important to democracy and why is it important for society to have an…

A: ExplanationEconomics is a subject that deals with the relationship between individuals who are…

Q: Why are some people drawn to government while other people don't want to have anything to do with…

A: The actions by the government authorities to either expand or tighten the economy is the “fiscal…

Q: different initiatives of the government to address the social injustice

A: Social injustice depicts the injustice faced by an individual or group at social level.

Q: Who owns property in a socialist system?

A: .Socialism is a social and economic theory that advocates public ownership and control of property…

Q: According to Professor Kane, the best solutions to fix governmental and economic problems usua.…

A: Since you have posted multiple questions, we will solve the first question for you. If you require…

Q: I got a practice test question I dont understand in my economics class. 2. How would you show…

A: The aggregate supply curve shows that total quantities of goods and services are one to one directly…

Q: Give 5 examples of business that can help solve the societal problems.

A: The face of today's societal issues is shifting swiftly. Even if we've made great progress, many…

Q: Civil Society Organisations (CSO) differ from corporations. How would these organisations (CSO and…

A: Any non-profit, voluntary citizens' group organised on a local, national, or worldwide level is…

Q: How many sectors of economy are there?

A: Economy: It is the system of organizing money, industry, and trade of a country or region.

Q: What is Comprehensive Agrarian Reform Program?

A: The Comprehensive Agricultural Reform Program (CARP), sometimes known as CARP, is a Philippine…

Q: What is the most important role of government?

A: In the economy, government plays a very important and vital role. However, the economic role of the…

Q: What role of government do you thỉnk is the most important from an economic perspective and why?

A: The economics as a study is associated with the use of resources, where the resources with the…

Q: What are the ways in which a government policymaker can try to raise the growth in living…

A: The legislation, executive, and judicial are the three branches of government that govern an…