The market system is also known as capitalism, while the command system is also known as communism. The market system is owned by private ownership, businessman and companies, hence it has capitalism concept. The command system is owned by a community or public.
Hence it can be said that
The market system is also known as <u>capitalism</u>, while the command system is also known as <u>communism</u>.
Hello. You forgot to provide the answer options. The options are:
"A) value of all goods and services produced in the economy this year B) This years prices C) value of all foods and services produced in the economy this year D) the base year's prices E) bought by consumers"
Answer:
The GDP deflator for this year is calculated by dividing the value of all goods and services produced in the economy this year using this years prices by the value of all foods and services produced in the economy this year using the base year's prices and multiplying by 100. However, the CPI reflects only the prices of all goods and services bought by consumers.
Explanation:
GDP deflator is an economic term that means "implicit price deflator". This term is defined as the price measure for any and all goods and services produced within the country, in the year in question. GDP, in turn, is directly related to this, since it represents the monetary value that each of these goods and services produced during that same year.
The GDP deflator is directly related to the CPI, which is another economic term intended to represent the consumer price index. Through the CPI, the GDP deflator is able to measure the inflation or deflation that occurred in the national economic sector for a given year.
The GDP deflator for this year is calculated by dividing the value of all goods and services produced in the economy this year using this years prices by the value of all foods and services produced in the economy this year using the base year's prices and multiplying by 100. However, the CPI reflects only the prices of all goods and services bought by consumers.
Answer:
Countries specialize in order to increase their trade. Imagine a country that has specialized in rubber production and suddenly other more efficient synthetic products have replaced rubber. That means that the demand of rubber has fallen. This would create the country to face labor unemployment, lack of trade for rubber, a long period of stagnant growth indirectly effecting the economy adversely.
Therefore countries prefer to go along with trade and avoid specialization so as to avoid period of stagnant growth.
A savings account is an account held at a bank or another financial institution. This account could be seen online and is used to store money and earn interest on that money.
A savings account saves your money.
A current account is a bank account that keeps your money safe and secure, it helps manage finances and is easy to make payments with. With a current account you can have deposits, withdrawals, etc. In an current account an amount can be deposited and withdrawn at any time without any notice needed.
Whether the court's judgment will be enforced by a court in Japan depends on the Japanese court's application of the principle of comity
.
Option d
<u>Explanation:
</u>
The constitutional reciprocity, the idea that some courtesies must apply to others or to other jurisdictions in the same country, is unique to the committee of law. The legitimacy and efficacy of their administrative, legislative and judicial decisions is known in particular.
The International Committee doctrine was described in different ways "as a principle of choice of law."
Lord Mansfield, an English solicitor and jurist, introduced the concept of a committee into English legislation. Mansfield considered the application of the committee to be taxable, with courts using foreign law "except to the extent that it was incompatible with public policy principles.
