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Details about the 5 major social institutions?
Relegion Government Education Economy Marriage (Family)
What are the problems when comparing living standards in developing countries and living standards in developed countries?
Developed Countries- have a high per capita income, a lot a money and wealth, varied economy, high GDP, low infant mortality ratesLess Developed Countries/Developing Countries-have a poor government, low GDP, limited government, low levels of education, high infant mortality rates, very little money
What is the connection between the youth unemployment and the Nigerian economy?
Youth unemployment in Nigeria has made the economy to grow at a much slower pace. Many youths have the potential to be productive and grow the economy but lack the opportunities to do so.
What are the Advantages of open system?
A market economy (also called a free market economy or a free enterprise economy) is an economic system in which the production and distribution of goods and services take place through the mechanism of free markets guided by a free price system. In a market economy, businesses and consumers decide of their own volition what they will purchase and produce. Technically this means that the producer gets to decide what to produce, how much to produce, what to charge to customers for those goods, what to pay employees, etc., and not the government. These decisions in a free-market economy are influenced by the pressures of competition, supply, and demand. This is often contrasted with a planned economy, in which a central government decides what will be produced and in what quantities. No pure market economy exists. Thus, almost all economies in the world today are mixed economies which combine varying degrees of market and command economy traits. For example, in the United States there are more market economy traits than in Western European countries. The advantages of a free market economy are for example - supply and demand
How many promotions does the average person get in a year?
In America the average person gets a promotion once every two years. With the economy at an all time low and the unemployment rate at an all time high, the odds on someone receiving a promotion may very well be extended past the average two years.
What happens if you gap spark plugs to much?
Hard start, no start, misfire, back fire, poor fuel economy, low power,Hard start, no start, misfire, back fire, poor fuel economy, low power,
What happens if the catalytic converter goes out on a 2002 ford expedition?
Possible side effects include rattle noises, check engine light, different smell from exhaust, low power, low fuel economy,
In a market economy a low price is a signal for?
low demand
Is the level competition high or low in the command economy?
It is low
Is the level of competition high or low in the mixed economy?
low
What is was the economy for Rupert's Land?
low economy. not meny people had jobs
What is Low throughput economy?
gay
Does low aggregate demand make the economy weak?
what makes the economy weak
What makes a healthy economy?
A healthy economy will be based on primary production , and manufacturing industries. Low value (low added value) activities such as retailing add little to a healthy economy.
What can happen in a planned economy that does not happen in a market economy?
nothing much happens ...
Why is the economy in Luxembourg so good?
luxembourg's stable, high-income economy features moderate growth, low inflation, and low unemployment.
Is the competition high or low in the mixed economy?
no
