Which type of economic system do you support? Why?

Q: What makes Islamic economic system different from socialism and capitalism?

A: An economic system is a collection of rules that regulate how a company operates and makes decisions…

Q: Which of the political tools for controlling economic systems is the best?

A: Answer- Need to find- Which of the political tools for controlling economic systems is the best…

Q: How did capitalism change lives for the better? How did it impact lives negatively? In what ways has…

A: Capitalism: It is defined as the economic system in which factors of production, trade, and industry…

Q: Explain economic impacts of democracy?

A: When a nation transforms from a non-democratic system to a democratic one, it often experiences a…

Q: How does the economy work?

A: An economy is a complex web of interrelated generating and consumption activities that determine how…

Q: Question 1.  What makes Islamic economic system different from socialism and capitalism?

A: Islamic economic system Answer: The objectives of the Islamic economic system is the realization of…

Q: What are economic communities?

A: Answer: Economic communities are formed to promote international trade and economic cooperation…

Q: What is human rights and how does it affect our daily living?

A: Human rights are values that allow all citizens to live in dignity, democracy , equality, justice…

Q: How do major issues that emerged in the 1980's- for example AIDS, The War On Drugs, and mass…

A: Answer in Step 2

Q: Why do people or countries specialize?

A: Reasons for specialization or why countries or people specialize: ·         With the help of…

Q: Why there is a need of an Islamic Economic system

A: An economic system is a system in which resources, goods, and services are allocated to the society…

Q: What is the rule of law?

A: It is a concept in which the law is something to be obeyed by everyone either the people or the…

Q: Explain why people would prefer to live in a socialist or a capitalist country?

A: Under capitalism, means of production are owned by private individuals, and decisions about…

Q: How many varieties of capitalism is there?

A: Capitalism is an economic system based on the private ownership of productive assets and their…

Q: Sub-Saharan Africa includes some of the poorest nations in the world. What would you say is the…

A: The reasons that Sub- Saharan Africa includes some of the poorest nations in the world are…

Q: What are economic issues?

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: The United States as well as most of the world’s economic systems fall in to which category?

A: There are mainly three type of economic system prevail in the real world. They are A, Socialist…

Q: What is the role of science and technology in our society?

A: The essence of how science and technology contributes to society is that the creation of recent…

Q: principles that describe how the economy as a whole works

A: Economy Economy is described as the area in which various amounts of consumption, production, and…

Q: Prices and wages help coordinate economic activities. Why?

A: Economic activity is the process by which people purchase or sell goods and services to meet their…

Q: Why is it necessary to have a freely elected government for democratic capitalism to create a…

A: The democratic capitalism system is based on the 3 components: 1) Free enterprise which provides the…

Q: the government owns the factors of production and distribution?

A: A economic framework is a method by which social orders or states arrange and disperse accessible…

Q: According to Adam Smith who should manage the economy for the nation? Why?

A: An economy refers to the management of the country's money, trade activities, industrial…

Q: Why are people closest to local government?

A:

Q: Who invented capitalism?

A: Economies are classified into different forms based on the characteristics of their market. Some…

Q: What do enterprise zones directly provide?

A: Fiscal policy refers to the management of government spending and tax reforms inorder to benefit the…

Q: What is capitalism, and how does it work?

A: Capitalism is one of the form of economic system using which a specific economy is operated.

Q: write an essay about neoliberalism, marketization, or exclusion?

A: Summary- Neoliberalism is contemporarily used to allude to showcase situated change approaches, for…

Q: Does activism or social movements create a positive result? why or why not?

A: Social activism is effective even when it is done online, this is even more effective than offline…

Q: Explain the Economy and Society?

A: The word economics is derived from the Greek word Oinkonomia which means the management of…

Q: How democracy effect economy of any country? Explain with logical examples.

A: In democratic country the people of the nation have the power to decide the institution, and the…

Q: How does the United States compare to other nations on a per capita scale as far as government…

A: Total US tax revenue approached 24% of GDP, well beneath the 34% weighted normal for other OECD…

Q: Who owns property in a socialist system?

A: .Socialism is a social and economic theory that advocates public ownership and control of property…

Q: How to identify the economic market structure?

A: Market structure is known as the basis through which different industries in an economy are…

Q: What are the four forms of business?

A: There are mainly four type of business forms.

Q: What is the most important role of government?

A: In the economy, government plays a very important and vital role. However, the economic role of the…

Q: Why the governments should prioritized the end of poverty and hunger?

A: answer is given below

Q: why should young people become advocates and active citizens?

A: Advocacy means identifying and calling for change in laws, policies, practices and structures in…

Q: How many amendments have there been in the Constitution?

A: Amendments are the changes or alterations made in constitution or legislature bills.

Q: State two ways that you can educate people in your community about sustainable development. *

A: Sustainable development is the development that ensures the proper availability of resources without…

Q: How population affects the entire economy?

A: Economy refers to the management of the household activities along with the management of market…