Answer:
False
Explanation:
The global economies that can exist in a country are divided into three:
a. Pure market ( free market economy
b. Command economy
c. Mixed economy which consists of both the pure market and command economy).
The pure market( free market ) economy is also referred to as the economy that has capitalism present in it.
Pure market economy is the economy practised by a country whereby owners of businesses can make their own decisions independent of the government. The government has no influence on the running of the firms or the value been placed in the products the firm produces. In a pure market economy, goods and services are exchanged voluntarily. Buying and Selling of goods and services are carried out in a competitive markets.
The raw materials or resources needed, are given to firms with high prices and a high production capacity that meets the needs of the country.
Pure market economy is not regulated by the government and it occurs in Democratic governments.
Not all global economies practise the pure market economy. An example of a country or global economy that practises the pure market economy is the United States of America.
Match 1-13 to what? are their pairs listed?
The benefit is that OPEC coordinates petroleum policies of its member countries which stabilizes the oil markets. Stable oil markets benefits the world economy. Drawbacks include limitations in actual power in terms of controling member countries and actual prices.
Answer: Farmer expands sales of his crop to a new town.
Explanation:
Of the above examples, this one best exemplifies industrialization. With the Industrial Revolution, cities are gaining in importance. Urbanization occurs, and a large part of the people from the village go to work in the cities.
Agricultural goods are expanding; they are easier to cultivate because technological advances in the cultivation of the land are also taking place. Farmers no longer develop the area to feed themselves. They are making surpluses that they market to cities as the population of the town has increased, so the demand for farm goods is increasing.
