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Earn +20 ptsQ: What are the differences between the 3 economies?
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What is the meaning of economies of product differences?
The meaning of economies of product differences... The greater the difference in products produced by two economies the greater the economic efficiency to be obtained from trade between the two as per the theory of comparative advantage.
What is the relationship between colonial economies and those of the homeland?
it was very good.
What was a major change experienced by European economies between the feudal period and the Commercial Revolution?
international trade became more important to european economies
What kind of taxes the laissez faire economies recommend?
Laissez faire economies are known to be an extreme case of market economies where the state cannot intervene in transaction between private parties, not even for taxation purposes...... there are no taxes
What are the top three economies in the world?
Here are the top 3 economies as of 2009... 1. China ( Approximate GDP- $7,043,000,000,000 ) 2. Japan ( Approximate GDP- $4,305,000,000,000 ) 3. India (Approximate GDP- $2,965,000,000,000 )
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