
What Is A Welfare State?
In some countries, governments play extensive roles in provisioning social and economic benefits and protections to their residents.
April 25, 2017 12:31
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In some countries, governments play extensive roles in provisioning social and economic benefits and protections to their residents.
April 25, 2017 12:31
Early Marxists and their followers ever since argued that primitive, hunter-gather civilizations were essentially communist in nature.
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In many developed nations today, large corporations dominate economic output and the labor markets.
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Labor, or human capital, is a factor of production, and labor markets go through cycles in fashions similar to other economic components.
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The amount of income a person or household earns is a key factor in the quantity and quality of goods and services they purchase.
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The utility of a good or service refers to the usefulness, allure, preference, and/or satisfaction it gives to consumers.
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Peru is a nation with a large upper middle class, the 39th largest economy globally, and also one of the world’s fastest growing economies.
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The time value of money deals with weighing the present need for money against interest on loans and returns on investments that change that money's value over time.
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Traditions, customs, and beliefs determine the goods and services the marketplace demands in a traditional economy.
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Saudi Arabia has a predominantly petrochemical-based economy, wherein most major economic activities are under tight governmental control.
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Turkey, one of the world's newly industrialized countries, has an emerging market economy.
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According to the IMF, the Bangladeshi economy was the second fastest growing major economy of 2016, expanding at an annual growth rate of 7.1%.
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11 countries have been recognized as having the potential of joining some of the world's largest economies in the 21st Century.
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The Norwegian economy is a developed, mixed economy wherein the state control some of the most important economic sectors.
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The German economy, based on the concept of social market economics, is the largest national economy in Europe.
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The high income economy of Puerto Rico is the most competitive economy in Latin America according to the World Economic Forum.
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Vietnam has a developing, planned economy with market economy elements that utilizes five-year plans to achieve economic goals.
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The 5th largest member of OPEC by oil production, Venezuela has an economy that is largely based on its petroleum sector.
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Egypt's economy depends mainly on petroleum imports, tourism, agriculture, media, and natural gas.
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Trade blocs are formed to allow trade to occur between different countries in a largely unrestrained fashion, similar to that occurring within national borders.
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