Q: Why is the world growing so rapidly?
A: A distinct group of individuals belonging to a certain group or nation is referred to as a…
Q: Ways to boost productivity?
A: Following are the ways to boost productivity:- 1. By improving employee engagement. 2. By…
Q: What are the factors that encourage people to migrate from one place to another place?
A: When talking about migration, it is the situation from one place when people move from one place to…
Q: How fast is the world’s population growing?
A:
Q: Modernization theory sees economic development as a process by which traditional societies become…
A: Modernization theory describes the process of modernization within societies. It refers to a…
Q: Why is a country better off not isolating itself from all other countries?
A: The country is not isolating itself from other countries because of the market. Some countries have…
Q: How can trade affect growth and its effect on poverty?
A: Trade: - it is the buying and selling of goods and services. There is direct link between poverty…
Q: Cosmopolitan democracy is one of the ideas propounded in the wake of globalization. What does it…
A: The process through which the world becomes interconnected due to a massive increase in cultural…
Q: Which type of economic system is following in given countries, shortly describe their…
A: Economic system: A economic framework, or monetary request, is an arrangement of creation, asset…
Q: Can economic growth and productivity align with our core values?
A: Economic growth and productivity are very important for the development of an economy. Core values…
Q: How does trade and specialisation create winners and losers within countries?
A: The movement or transfer of goods and services from one country or entity to another in exchange for…
Q: Does productivity has direct influence on a nation's living standards?
A: Answer: Productivity: productivity refers to the output produced per unit of input. If there is only…
Q: What kind of system does Australia have?
A: An economic system is the most critical category that a country needs to look at, as without an…
Q: Which type of economic system is following in given countries, shortly describe their…
A: Economic system refers to the organised or unorganised system of allocating resources and the…
Q: what do Christianity and Islam declare in terms of business ?
A: Business is the activities of selling or producing , buying of goods and services to earn income .…
Q: ways to boost productivity?
A: Productivity refers to the ratio of output produced from using a unit of input. In other words, it…
Q: Do you think that the conventional economic system will create economic stability? Why or why not?…
A: A traditional economic system is one in which human activities such as distribution, production,…
Q: Policies that restrict free trade among nations are?
A: Major trade restriction policies are;Import quotasTariffsSubsidies
Q: How to evaluate an economic system? a : stability b : full employment c : growth
A: Economic system refers to the plane where the government, producers and the consumers interact with…
Q: how is British Imperialism connected to technological and ideological changes?
A: Imperialism is a program or philosophy aimed at expanding dominion over people and other nations in…
Q: Why communism is a fail economic system?
A: Communism is an economic, social, philosophical and political movement and ideology whose final aim…
Q: How did people trade during the great depression in 1925 through 1929?
A: The twentieth century observed a worldwide economic depression known as the Great Depression. It…
Q: Why do countries integrate?
A: There are many reasons that the countries integrate, for example when many countries integrate then…
Q: According to Jason Hickel how do rich countries de-develop?
A: They can de-develop, according to Hickel, by limiting economic growth and abuse, which leads to…
Q: What have been the ingredients for economic growth and development that China and India share?…
A: The economic growth level of a country is the level of GDP growth in the country. The level of GDP…
Q: does globalization has created new problems and exacerbated existing difficulties for many of the…
A: The Globalisation refers to the integration of world economies on whole. The integration would mean…
Q: What are the arguments in favour of free trade in developing countries?
A: Meaning of Trade: The term trade refers to the situation under which the products and goods are…
Q: How does the mixed economic system benefit the global economy? Explain your answer.
A: Types of economic systems include command, market, and mixed economic systems. Command economic…
Q: What things do people do now which they couldn't do before globalization?
A: Globalization is described as the spread of technology, products, jobs, and information across…
Q: Is globalization the best way forward for the world economy? Or does it keep developing countries…
A: Globalization is the free flow of trade between different countries, cross border trade in goods,…
Q: How Afghanistan succeed in the era of the third industrial revolution?
A: As Afghanistan moved slowly to 20th century, positive actions were made but because of the political…
Q: Distinguish between a command economic system and a traditional economic system
A: A system which involves allocation of resources, production and distribution of services and goods…
Q: Why does a country need to answer the problem of production and distribution?
A: The main activities that an economy faces are of production , distribution and the disposition of…
Q: Can globalization be helping build a “new world order”?
A: Indeed, globalization be helping build a “new world order. Decay of the United Nations, alongside…
Q: How do money, home, medicine and vitamins, technology exemplify or demonstrate the process of…
A: The economies around the world tend to focus on their growth, and development through various…
Q: What are the five power full countries as realist liberalist and ideaslist.
A: There are various factors that make a country powerful. Some of the parameters are: Economic…
Q: Discuss the difference between capitalism and communism.
A: The difference between Capitalism and Communism can be explained as follows:
Q: What do you think is your role to economic development? (as entrepreneurs)
A: The role of entrepreneurs and entrepreneurship in the growth and prosperity of a nation cannot be…
Q: Describe the type of economic system adopted in South Africa.
A: South Africa is a nation situated at the southern tip of the African mainland. It additionally…
Q: How is a traditional economy similar to and different from a mixed economy?
A: An economic system is that system where governments or societies arrange and allocate available…
What does it mean if a country has a traditional economic system?
Step by step
Solved in 2 steps
