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 Real GDP To Increase? What causes real GDP to increase? The GDP of a country tends to increase when the total value of goods and services that domestic producers sell to foreign countries exceeds the total value of foreign goods and services that domestic consumers buy. Why real GDP will increase? An increase
What Effects Did The War Have On The US Economy From 1940 To 1945? What effects did the war have on the US economy from 1940 to 1945? America’s response to World War II was the most extraordinary mobilization of an idle economy in the history of the world. During the war 17 million new
What Economic System Does Macedonia Have? What economic system does Macedonia have? gross domestic product (GDP Why Macedonia is so poor? Political and ethnic tensions are contributing factors to the widespread poverty. Suspected government corruption in elections and ongoing prejudice between the Albanian and Macedonian populations prevent the stability necessary for economic improvement. What is
What Economy Would Most Need The Least Amount Of Government Involvement? What economy would most need the least amount of government involvement? In a free-market economic system, manufacturing and production are based on the powers of supply and demand with little or no government intervention. Examples of command economies today include North Korea, Iran, Libya,
What Effect Does The Lack Of Competition In Command Economies Have? What effect does the lack of competition in command economies have? Critics argue that the inherent lack of competition in command economies hinders innovation and keeps prices from resting at an optimal level for consumers. Why is there no competition in a command economy?
Did East Or West Germany Have A Better Economy? Did East or West Germany have a better economy? Per-capita gross domestic product was €32,108 in the former East German states in 2018, compared with €42,971 in the former West German states. Productivity in the East, in other words, was 75% of productivity in the West
What Economic Problems Did The Roman Empire Face? What economic problems did the Roman Empire face? The Romans faced many economic problems that included inflation, decrease in trade and unemployment. There was a drastic drop in the value of money and rise in prices. Raiders threatened ships and caravans on sea and land. What were
What Does It Mean If GDP Is Higher Than GNP? What does it mean if GDP is higher than GNP? Consider a country that has a gross national product that exceeds its gross domestic product. This indicates that its citizens, businesses, and corporations are providing net inflows to the country through their overseas operations. Should
What Economic Problems Did France Face In The 1700s? What economic problems did France face in the 1700s? Throughout the 18th century, France faced a mounting economic crisis. A rapidly growing population had outpaced the food supply. A severe winter in 1788 resulted in famine and widespread starvation in the countryside. Rising prices in Paris