arts
What are the problems facing Africa in developing their economy?
A lack of funding for roads, telecommunications, water, electricity and more are impeding the continent’s productivity by around 40%, according to World B...
Read Journal Category
Arts
arts
What are 3 disadvantages of a free market economy?
Disadvantages Of A Free Market Economy Poor Quality. Since profit maximization is the biggest motivation for firms, they may try to reduce their costs une...
Read Journal
arts
How does black marketing affect consumers?
First, there is a sharp drop in supply as the penalties for selling the good cause people to shift into other industries. Second, a drop in demand is obse...
Read Journal
arts
What is the economic value of a good?
Economic value is the measurement of the benefit derived from a good or service to an individual or a company. Economic value can also be the maximum pric...
Read Journal
arts
What are the six characteristics of a pure market economic system?
What are the six major characteristics of a pure market economy? Private property, competition, profit incentive, united role of government, freedom of en...
Read Journal
arts
What are the 5 biggest imports?
What Are the Major U.S. Imports? Minerals, fuels, and oil – $241.4 billion. Pharmaceuticals – $116.3 billion. Medical equipment and supplies – $93.4 billi...
Read Journal
arts
How much does the Internet contribute to the economy?
WASHINGTON (Reuters) – The rapidly growing internet sector accounted for $2.1 trillion of the U.S. economy in 2018, or about 10% of the nation’s gross dom...
Read Journal
arts
What is welfare economics and its importance?
Welfare economics seeks to evaluate the costs and benefits of changes to the economy and guide public policy toward increasing the total good of society, ...
Read Journal
arts
What was the value of 1 bitcoin in 2010?
$0.08 Among asset classes, Bitcoin has had one of the more volatile trading histories. The cryptocurrency’s first price increase occurred in 2010 when the...
Read Journal
arts
How did Alaska benefit the US?
The Alaska Purchase gave the United States a land mass of 586,412 square miles, an area about twice the size of Texas. But it came at a time when the Unit...
Read Journal