A: A command economy<span> is one in which a centralized government controls the means of production. ... There are </span>advantages<span> and disadvantages of </span>command economy<span> structures. </span>Command economy advantages<span> include low levels of inequality and unemployment and the common good replacing profit as the primary incentive of production.</span>
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Primary economic activities are defined as extracting raw materials. This includes mining, arable and pastoral farming, forestry and fishing.
Secondary economic activities include manufacturing good using raw materials. An example could be anything made in a factory, such as cars or processed foods, to a house or roads.
Tertiary economic activities provide services and good to people. Teachers, shops and doctors provide tertiary economic activities.
1. Declines in primary sector employment
Machines take away the need for manual labor in the primary economic sector.
As there is often higher paid jobs in the tertiary economic sector people begin to get an education and aim for jobs in the tertiary sector instead.
2. Decreases in infant mortality rate
Education of basic health care helps communities give a child a healthy environment growing up.
More availability of medical resources and professionals help to treat the illnesses that could cause the death of an infant.
3. Improvements in women's social status
Higher education for both women and men encourages gender equality.
Women become less dependent on men with more education and can gain better jobs and equal social status.
When multinational corporations invest in a country they create employment opportunities. They account for increased incomes and expenditures in the economy of the host country stimulating growth. Workers also benefit from technology transfer as new machinery is imported into the host country.MNCs are believed to be highly beneficial for developing countries in terms of bringing employment opportunities and new technologies that spill over to domestic firms. Furthermore, MNCs often benefit from government subsidies, which could in the future be linked to investment in local firms.
Cooperation is the process of a group of organisms working or acting together for common, mutual, or potential benefit, rather than working in competition for selfish gain. Many plant and animal species cooperate with both conspecifics and conspecifics.
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