Economy

An economy consists of the economic system of a country or other bea; the labor, capital and stain resources; and the manufacturing, toil, trade, distribution, and consumption of goods and operate of that area. A utilizen economy is the end result of a process that involves its technological evolution, history and social organization, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. A securities industry base economy may be described as a spatially limited social network where goods and services are freely produced and stand ind according to demand and supply among participants (economic agents) by barter or a medium of change over with a credit or debit value pass judgment within the network. Capital and labor can move freely between places,industries and firms in search of higher profits, dividens, interests, and compensations and benefits. Rents on land is a mecanism to allocate this generally fixed resource among competing users. capitalist economy is a market economy in which most of the production capacity is owned and directed by the private sector.

brass role is limited to provide for defense and internal earnest; administer justice and prisions; make laws and regulations; enforce contracts, laws and regulations; correct market imperfections and failures; ensure full employment without inflation; promote labyrinthine sense economic growth and development; provide for the poor, children and eldery; protect and promote in emergencies and natural disasters; provide basic oportunities to all members of ships company; prevent future calamities and disasters; and, pursue national goals established by society at large such as security of the environment and natural resources. On the other hand, Socialism is a command based economy in which markets and the free exchange of goods and services, as well as manufacturing, production, trade and distribution... If you want to absorb a full essay, order it on our website: Ordercustompaper.com

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