THE ADVANTAGES OF FREE MARKET ( DISADVANTAGES OF COMMAND ECONOMY ) 1.Efficiency. free market economies are very competitive. Most of their industries are assumed to be perfectly competitive and so allocative and productive efficiency will occur.As their main aim is profit motive so free market economies allocate their resources more efficiently as compared to planned economy. Decisions about what to produce are made by the people who will actually consume the goods. Planners are less likely to
Premium Market economy Mixed economy Capitalism
The actual knowledge would not be sufficient to generalize the effect of population growth in developing areas‚ at least that is what some researchers believe. They agree that rapid growth in today’s less developed countries have favorable effects such as economies of scale and specialization‚ better capacities‚ and motivations of younger people compared with older ones. However‚ rapid population growth creates high pressures on elemental resources that compromises our actual model of development
Premium Overpopulation Agriculture Developed country
Philippine economy posts 7.8% growth The Philippines continues to enjoy remarkable economic development this year‚ notably the investment-grade ratings it received and increased government competitiveness index. On May 30‚ 2013‚ the Philippine Gross Domestic Product (GDP) was 7.8% in the first quarter of 2013‚ the fastest in Asia. The growth rate was the highest recorded in the Aquino Administration‚ and the 3rd consecutive quarter that registered above 7%‚ surpassing market expectations. The
Premium Philippines Economy Ferdinand Marcos
Review of related Literature As can be seen in Figure 1‚ the world’s population grew very slowly until about 1750. There was a long period of stationary growth (no growth) until 1000 B.C.E.‚ when the world’s population was approximately 300 million; this was followed by a period of slow growth from 1000 B.C.E. to approximately 1750‚ at which time global population was an estimated 800 million. Until this time‚ the world’s population was kept in check by high death rates‚ which were due to the combined
Premium Population growth Demography Population
POPULATION GROWTH: THE NEGATIVE EFFECT ON INDIAN SOCIETY Introduction The study of population growth is very important in a country from the point of society of a country because human being constitute not only as an instrument of production but also end themselves. Its increase is largely depend on some demographic factor like marriage‚ birth‚ death‚ migration etc. It is important to know the quantitative number of people and the growth of particular time with its effect on society negatively
Premium India Demography
growing very slowly for most of human history‚ the world’s population more than doubled in the last half century‚ crossing the six billion mark in late 1999. Furthermore‚ world population is still increasing by about 78 million people a year‚ despite the trend worldwide towards smaller families. Total population size is likely to continue to grow for at least the next 40 years and by at least another 1.5 billion people. Almost all of this growth is occurring in the developing regions‚ while most industrialised
Premium Population Demography World population
Population‚ Territory and Economy of Macau ABSTRACT: This paper attempts to analysis the hidden risks behind the high population density in Macau‚ try to discuss the influence and objective of the land reclaiming‚ and intend to find out the economic problem under the 16th consecutive monthly gambling income decrease. Keyword: population density‚ land reclaiming‚ Macau gambling 1. Introduction Macau‚ for the past 400 years of Portuguese colonial rule and now ruled by China‚ has a large increase
Premium Economics United States People's Republic of China
rapid growth of population in India India is the second overpopulated country in the world which reached 1.21 billion(1‚210‚193‚422 Crores). It is next to China and has 2.4 per cent of the total population of the world land area where she has to support nearly 16% of the total world population. According to the 2001 census india population was102.7 crores. The growth of population per year is more than 17 million which is equal to the total population of Australia and little more population than
Free Demography Population World population
According to recent statistics‚ experts expect the Kingdom’s population to reach 30 million by 2010‚ with a growth rate of over 3.5 percent a year. Recent statistics also demonstrate that about 40 percent of Saudi population fall in the age rate between 0 and 15 years. Due to the aggressive population increase‚ the Saudi Government has recognized its responsibility to ensure that its young citizens are fully equipped to create and achieve comprehensive social and educational development by giving
Free Education Teacher Higher education
2. THEORY OF DEMAND AND SUPPLY: THEORY OF DEMAND: Demand refers to the quantity of a product that consumers are willing and able to buy at a particular price and over a given period of time. The law of demand states that more is bought at a lower price than at a higher price. In other words‚ the law of demand postulates an inverse relationship between the price and quantity demanded of a commodity‚ all other factors affecting demand remain constant (ceteris paribus). A market demand curve
Premium Supply and demand