The economy is strong if the country exports a lot: it then gets money from other countries. If a country has natural resources (think: diamonds for example!), it will be rich and have a strong economy.
The economy is weak if the country has to import stuff and spend money on it! especially if it's the necessary things: the country has no choice but to import food if they can't produce it, for this reason for example the food items in the north of Canada are every expensive.
Generally, exporting is good for economy and importing bad for it.
In Aldo Leopold’s ethics, actions can be distinguished through social approbation for right actions while social disapproval for wrong actions. This is in line with the mechanism of operation which is the same as any ethics. Social approbation is the society’s approval of one’s action. Since it is approved, it leads to the conclusion that a certain action is correct or right. However, during social disapproval, society doesn’t like the certain action or disapproves it leading to the conclusion that a certain actions showed is considered as inappropriate or wrong actions. These conclusions just coincide with the other ethics presented. Therefore society also play a big role in ethics.
The proposed changes to boost the Chinese economy that caused Mao to launch the oppressive Cultural Revolution included allowing workers to compete for wages, capitalist reforms that Mao viewed as anti-Communist, and to allow farmers to sell their excess crops.
The Cultural Revolution was launched by the Chinese Communist Party Chairman Mao Zedong to reinvigorate the spirit of the Chinese Revolution.
In the 1960s, Mao was worried that China would adopt the Soviet model which he felt was a betrayal of the Russian Revolution. He was also concerned with his diminishing role in the government.
He felt that the economic policies adopted by his colleagues to revive the Chinese economy after the failed Great Leap Forward policy were against the spirit of the revolution. These included reforms on worker’s wages and sale of agricultural produce.
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</span><span>To keep costs to a minimum for consumers
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In theory, the government's interest in regulating natural monopolies is to meet consumer rights, giving access and lowering costs in order to avoid price abuse.
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This exercise demonstrates the use of forecasts in labor market information. It also looks at projections.
<h3>What is a projection?</h3>
A simple definition of the word projection, as used in statistics is, the prediction of a future value having considered the past statistics of a population should a given set of assumptions occur.
In business, projection is a desired future outcome while the forecast is an estimated future outcome, based on the balance of probability.
Labor market statistics relate to the data from the labor market that predicts employment trends. This can be executed according to occupation, geographical location, sectors, etc.
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