How does the capitalism economy give to the communities?   How does the capitalism economy take away from communities?

Q: Discuss "free market economy" using definition, characteristics, advantages and disadvantages

A: Free market is market where economic decisionwhat to produce, how to produce and for whom to produce…

Q: In Denmark, the resources of the country are utilized efficiently to produce socially useful goods…

A: The economic system shows and define how the capital, resources, factor of production are divided in…

Q: A point inside a production possibilities frontier?

A: Production Possibility Frontier: It refers to the graphical representation of various possible…

Q: In the online lectures, Professor Torres mentioned one other great contribution that came from Adam…

A: One of the initial modern trade theories was given by Adam Smith, known as the Absolute advantage…

Q: How is it that the problem of who to produce for is resolved in the capitalist system?

A: A capitalist system is an economic system that is run by the free enterprises of the market. In this…

Q: List  AND EXPLAIN three types of economic systems. Based on the information provided and your…

A: An economic system refers to a mechanism through which the resources are used, allocated and…

Q: source Allocation B. Resource Utilization C. How to maximize individual economic unit D. General…

A: Microeconomics is the branch of economics in which we study individual behavior regarding decision…

Q: An economic systems mechanism which deals with production

A: An economic system is a method by which societies or governments organise and distribute available…

Q: describe the twotypes of economic systems: capitalismand command economy?

A: The economies around the world work on the basis of different systems. The economies have different…

Q: What are the characteristics of a good economic model?

A: Characteristics of a good economic model: 1) The acquisition cost is low compared to the cash flow…

Q: Name four things about our current economic system that would like to change, and briefly explain…

A: Economic system: It refers to the system under which government will try to provide resources to all…

Q: What does Joseph Schumpeter mean by “Creative Destruction”? Please give examples from the period of…

A: "Creative destruction," a term originated in the 1940s by economist Joseph Schumpeter, who…

Q: Marx held that to understand the fundamental relationships of capitalism, one had to look at the…

A: Why one had to look at the sphere of production? As per Karl Marx version of economics, People…

Q: Explain the difference between capitalism and socialism.

A: The different laws and ordinances that comprise the economy are referred to as its economic system.…

Q: What does the law of increasing opportunity cost state?

A: Law of Increasing opportunity cost staes that when the production of a particular product is…

Q: What are the different types of Economic Systems?

A: An economic system is a method by which social orders or governments coordinate and disperse…

Q: How do design, creativity, and innovation connect in our current environment?

A: Economic activities are incrasing in all over countries eithe developing or developed economy.…

Q: What are the differences in the way a market process vs. a command process attempt to deal with the…

A: Basic problem of scarcity means availability of limited resources against unlimited wants of human…

Q: What are some examples of a command economy? Market Economy?

A: In a command economy, macroeconomic and political contemplations decide resource allocation. Command…

Q: the government owns the factors of production and distribution?

A: A economic framework is a method by which social orders or states arrange and disperse accessible…

Q: Do you think a free market or a command economy is more likely to encourage productive and…

A: Command economy and free market are two opposite firms of an economy because command economy is the…

Q: Who invented capitalism?

A: Economies are classified into different forms based on the characteristics of their market. Some…

Q: What is capitalism, and how does it work?

A: Capitalism is one of the form of economic system using which a specific economy is operated.

Q: How does the welfare state help stabilise the capitalist system?

A: How does the welfare state help stabilize the capitalist system? Capitalism(private ownership)…

Q: Discuss "MARKET ECONOMY (CAPITALISM)" with definition, characteristics, examples, advantages and…

A: Economic system refers to the type of system prevailing in the economy. There are three types of…

Q: Should we embrace the economic model of nature? The non-economic model? A combination of both?

A: Introduction Economic models refer to the general rules or principles used to explain economic…

Q: What are the features of the socialistic economy?

A: According to the given question In Simple words we can say that a socialist economy is that type of…

Q: What is the opportunity cost of increasing the number of movies produced?

A: Opportunity cost refers to the given up benefits to obtain some other benefits.

Q: What is an example of how the real (physical) and digital (virtual) worlds are converging?

A: The proliferation of interconnected Smartphone, tablet computers, sensors, special identification…

Q: The market economy does have the advantage of increased efficiency, productivity, and innovation.…

A: A market economy is an economic system where the production, distribution, and pricing of goods and…

Q: Socialism Vs. Capitalism, which economic system do you prefer and why? Give real life examples.

A: Socialism is a social, political, and economic philosophy that encompasses a variety of economic and…

Q: how does a market economy and individual right works? explain.

A: The many laws and ordinances that make up the economy are referred to as the economic system.…