The definition of a developed country is "a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations."
Its International Dateline; lose a day
Answer:
A mixed market economy is different from other economic systems because it combines both the private individuals and the government as owners and distributors of productive resources.
Explanation:
A mixed market economy is different from other economic systems because it combines both the private individuals and the government as owners and distributors of productive resources. Mixed market economy is an economic system in which both private individuals and the government own, control, distribute and allocate resources to improve living standard of people and country's economic activity. Here, both the private sector and public sector collaborate and channel resources toward economic development.
Other types of economic systems are:
1) Free market economy or Capitalism
2) Planned economy or Socialism
In free market economy is an economic system in which productive resources are owned, controlled and distributed by private individuals. Here, there is no government intervention in economic activity. Due to the presence of competition, producers ensure that their products are of high quality (standardisation of products). Consumers are treated as kings thus, they determine what producers produce. The motive of free market economy is to maximize profits.
Conversely, planned economy is an economic system in which productive resources are owned, controlled, distributed and allocated by the government. Unlike free market economy that maximize profit, the motive of planned economy is to provide essential or basic needs for the people in order to improve their quality of life.
Answer:
the right that states posses
Explanation:
Answer:
The correct option based on the benefits principle will be option b & c.
Explanation:
According to taxes based on the benefits principle, the households or users are willing to pay a tax for the benefits received. In that question, options b and c are related to paying taxes and receiving two clear benefits like new soccer fields and upgrading the facilities of local high schools.
