The congressional equivalent of the office of management and budget is Congressional Budget Office (CBO)
The office of management and budget (OMB) is the largest office within the executive office of President of the US and it assists the President in preparing the budget.
The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress. Hence both CBO and OMB have equivalent role.
It employs lawyers, information technology specialists, editors, and other experts who can contribute to the agency's mission
It is a body that provides the Congress with objective, nonpartisan, and timely information, analyses, and estimates related to federal economic and budgetary decisions. It also helps the budget committee for the matters under its jurisdiction.
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Tell you when you are in tune
1. Traditional - most traditional type of economy, and throughout the world many economies function this way. The areas with these economies are usually rural areas, or third world areas that are heavily dependent on farming. In this system, a surplus is rare, each member’s role is specific, and societies are closer knit along with more satisfied, although there is a lack of things such as technology and medicine that is more advanced.
2. Command - A big part of a command economy is controlled by power that is centralized such as the central government. A command system is the core of a communist economic system. The government is involved in most things big and small, along with owning most of the industries. most command economic systems tend to focus on things that are more valuable such as oil rather than jobs and other goods.
3. Market - economy is the free market have firms and households that act in their own self interest rather than in the interest of others. In a command economy the government keeps the profits while in a free market economy the forms and households keep their own profits. in a pure market economy there is no government intervention however none of this exists in the world. in this type of economy the central government in the market are completely separate so the government does not become too powerful.
4. Mixed - when different types of economies are combined this is called a mixed economy. this is usually a cross between a market economy and a command economy. in this type of economy the market is more or less free of government ownership except the government does own a few key things like transportation industries. sometimes in these economy as the government does regulate private businesses this is to use the best of both worlds to incorporate policies that are both socialist and capitalist to create a fair balance of both. most countries throughout the world have a mixed economic system.
In the early 1960s, sociologist Herbert Gans moved into a newly developed suburb in new jersey where he lived for two years, observing and interviewing his neighbors. in research terms, Gans conducted a participant observation study. Participant observation is method used for data collection, in which the <span>the </span>observer is a "player" in the action (he/she <span>participates in ongoing activities and records </span>observations). The technique is used in many studies in Anthropology and Sociology.
