1) The strength of the economy is directly tied to the monetary value of all goods and services produced in a nation each year‚ which is called the ________. Gina coefficients for the economy Median household income Gross domestic product Poverty line Mass production factor 2) The degree of ________in the United States is unusually high compared to other developed countries. Religiosity Political idealism Racism Demographic homogeneity Civil liberty 3) Belief in which of the following
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China followed the USSR in developing planned economy. State controlled the resources and allotted them to those industries which it thought served the national interest the best. The industries produced goods as per the orders from the government instead of demand from the market. The government also
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Threat of substitutes. The southern Asian country of Bangladesh‚ bordered by India and Burma‚ has a population of approximately 164 million people. The Bangladesh economy has grown an average of six percent a year over the last two decades. The readymade garments (RMG) industry contributes to the Bangladesh economy in a distinctive manner. The last 20 years witnessed remarkable growth in this sector‚ which is also the largest exporting industry in Bangladesh. The industry plays a significant
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Neolibralism Basic concepts II: the Shifting fortune of the modern state The first seminar is about the formation and transformation of the modern states or the advanced Capitalist countries. The inter-state rivalry between the nation states generates the immense sense of insecurity. According to Weber‚ war making or Militarism has been the most important factor for the modern state building. Resource extraction such as money and man power has to be achieved by the state through taxation and conscription
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ABSTRACT The ultimate purpose of the state‚ for liberal philosophers‚ is the well-being of individuals. The term Welfare State emerged in the mid of 20th century. For the scholars of 21st century‚ the ‘Welfare State’ is a buzz word today. Every country calls herself a welfare state but the level of welfare services varies from society to society. There are states where institutional form of welfare is practiced while there are also States where residual form of welfare is practiced. However‚ the
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are three basic questions of economy and they are as follows: what to produce‚ how to produce it and who to produce it for. In a market economy‚ the organization is geared around producing or making the product and deciding what and how. Then the customer decides for whom when they actually purchase the product. This philosophy differs from a command economy because it’s the government – or a central command – that makes all of these decisions. In a market economy‚ shy’s the limit. Anyone can
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consumed: economics and Christian desire‚ invites us to reflect on our current economic realities by asking questions that are not confined to the traditional way of addressing the issue of economics. He attends to points such as the free market economy‚ consumerism‚ globalization and scarcity and advocates positive Christian responses and applications to the concerns he raises. He focuses our attention on the worldly‚ restless way of ‘being’‚ which is nurtured by human ‘desires’ that
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system for producing‚ distributing and consuming goods and services. There are several economic systems practiced by different countries. One of these is market economic system. Market economic system is known as capitalism‚ laissez faire economy or free market economy. Market economic system is an economic system that the economic decisions and the price of goods and services are determined by the country’s demand and supply. Producers are compete with each other without any restriction that made by
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Commanding Heights: The Battle for the World Economy is a six-hour documentary from PBS purporting to inform the viewer about economics: what have been the different ideologies about managing the market‚ how did we get where we are now‚ and what is the nature of the modern world economy? It’s certainly an interesting topic and one that’s worthy of a thorough‚ in-depth‚ objective exploration. However‚ Commanding Heights has a fatal flaw‚ which can be concisely expressed in three words: conflict of
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a drink mentioned in the book‚ was related to a later time period during the 1800s around the time of the Civil War. The Civil War was a significant event as it led to a free economy in the United States as well as the development of a single market. The establishment of a single market and furthering of a free market economy in the United States allowed for the growth and success of the Coca-Cola Company. In 1767‚ Joseph Priestly produced artificially carbonated drinks. About a hundred years later
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