Answer:
- 'Homes, businesses, schools, and other amenities would be placed close enough together so people could walk to them.'
Explanation:
Smart growth and 'new urbanism' are the two concepts that are interrelated to each other and <u>demonstrated as the idea or concept that outlines or promotes a planned economic urban development plan that primarily focuses on restraining the sprawls(urban) and the deteriorating condition of environment by providing compact and combined walkable neighborhoods.</u>
Such a developmental approach focuses on revitalizing the urban life by offering homes, shopping complexes, businesses, and other amenities in a close proximity so people would be able to walk to them that would assist in reducing the inflicting negative effects on health and environment.
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Answer:
An economic system is any system of allocating scarce resources. Economic systems answer three basic questions: what will be produced, how will it be produced, and how will the output society produces be distributed?
There are two extremes of how these questions get answered. In command economies, decisions about both allocation of resources and allocation of production and consumption are decided by the government. In market economies, there is private ownership of resources—established though property rights—and the factors of production and consumption are all coordinated through markets. In a market system, resources are allocated to their most productive use through prices that are determined in markets. These prices act as a signal for buyers and sellers. Most economies are mixed economies that lie between these two extremes.
In either system, a rational agent would allocate resources and production using marginal analysis. In command economies, this is more difficult to do because without markets, prices fail at being an effective signal.
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Inner-city schools hope this helps