What Are The Basic Characteristics Of The Economies Of Canada And The US? The economies of Canada and the United States are similar because they are both developed countries and are each other’s largest trading partners. However, key differences in population makeup, geography, government policies and productivity all result in different economies. What type of
What Are The Problems Of A Transition From A Command To A Market Economy? There are many important problems in the transition process from a planned to a market economy: change of the constitution and of political and social institutions, freeing of prices, privatization, establishing a banking system, fighting inflation and others. What economic challenges
What Country Has Contributed The Most To Science? United States of America. The United States is the most prolific publisher of high-quality science in the world, but China is closing the gap with astonishing rapidity. … China. … Germany. … United Kingdom. … Japan. … France. … Canada. … Switzerland. What country is #1 in
Is South Korea Developing Or Developed Country? The UN Conference on Trade and Development Is South Korea a developed country or developing country? The news that the United Nations Conference on Trade and Development recently upgraded South Korea from a “developing country” to a “developed country” elated the Korean people greatly. When did South Korea
How Have Airplanes Changed The Way The World Does Business Choose Four Answers.? Which statement best describes how globalization connects the world? Globalization helps create new forms of transportation, communication, and technology. Which statement best describes how globalization is affecting the world? The correct answer is letter B: The world is becoming more globalized and
What Does GDP Mean In Simple Terms? What does GDP mean in simple terms? European Union (EU What is the simplest definition of GDP? GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter
What Drives The South Korean Economy? What drives the South Korean economy? After decades of rapid economic growth and global integration, South Korea has become a high-technology, industrialized, $2 trillion economy led by such sectors as electronics, telecommunications, automobile production, chemicals, shipbuilding, and steel. Why South Korea is economically successful? The Republic of Korea has
What Factors Caused North Korea Serious Economic Problems? What factors caused North Korea serious economic problems? North Korea, one of the world’s most centrally directed and least open economies, faces chronic economic problems. Industrial capital stock is nearly beyond repair as a result of years of underinvestment, shortages of spare parts, and poor maintenance. What
What Causes Rapid Economic Growth? What causes rapid economic growth? Broadly speaking, there are two main sources of economic growth: growth in the size of the workforce and growth in the productivity (output per hour worked) of that workforce. Either can increase the overall size of the economy but only strong productivity growth can increase
What Effects Did The Industrial Revolution Have On Social Classes? What effects did the Industrial Revolution have on social classes? The Industrial Revolution created a new middle class along with the working class. Those in the middle class owned and operated the new factories, mines, and railroads, among other industries. Their lifestyle was much more