What is the main feature of a market economy?
The main features of market economy are free of control, private ownership and no
government intervention. In the market economy all the good, services and resources
are privately owned and all the decision is
What is the main principal of rights theories?
Rights theory recognizes that human beings have fundamental rights and
privileges that transcend national boundaries and cultures. It establishes a
minimum level of morally acceptable behavior. It takes prece
1: What are the main economic arguments against regional economic
Regional economic integration is attempt to achieve economic gain from the free
flow of trade and investment between neighboring countries beyond those
attainable under interna
What was the attraction of the gold standard?
The practice of pegging currencies to gold and guaranteeing convertibility is
known as the gold standard. In the 1880s, most of the worlds trading nations
followed the gold standard. The great strength of the
Why do some countries adopt a pegged exchange rate system?
A pegged exchange rate system exists when a country fixes the value of its currency
relative to a reference currency. A country following a pegged exchange rate system,
pegs the value of its curre
1) Outline the main country factors that influence the location of production
Due to diffidence in factor cost, some countries have a comparative advantage for
producing certain products. Country factor that influence the location of production are:
Communication- The transmission of information and meaning from one person or group
Blog- A Web site with journal entries usually written by one person with comments
added by others
Wiki- A Web site that allows multiple users
hard skills- The technical skills in your field
soft skills- Oral and written communication skills and other competencies such as listening
proficiency, nonverbal behavior, and proper business etiquette
etiquette- A desire to show others c
Dear Professor Major,
Throughout high school, I was not asked to write many papers on what we have learned.
Although writing papers seems to be a great way to assess what you have learned, many of my
classes just had discussions. During senior year I took