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Earn +20 ptsQ: Why is growth necessary for stability in a capitalist economy?
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Why is there less economic growth with a command economy?
There is no motive to expand the economy in a command economy, whereas there are investors, changing demands, and prerogatives to improve production in a capitalist economy because of the competition that is lacking in a command economy.
What are the major aims of a market economy?
Freedom, efficiency, equality, stability, security, growth.
What are the six social goals of the US economy?
freedom , efficiency , equality , stability, security, and growth.
What are the 6 major goals of the US economy?
freedom, efficiency, equity,security, stability and growth.
What factors contribute to the stability of the economy when actual unemployment is at its natural rate?
When actual unemployment is at its natural rate, factors that contribute to the stability of the economy include steady economic growth, low inflation rates, balanced supply and demand in the labor market, and effective government policies to support economic stability.
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