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Why is income inequality good in an economy?
If people can get paid more for working more or working harder, then some people will do so, improving the overall productivity of an economy. It encourages people to take risks to expand businesses.
How many peoples birthday is December 8?
Probably well over 10 million who are alive today. A lot more if you include people from history.
Is 1000000 more than 6 million?
no 1,000,000 is one million so six million is more.
Is 40 million or 4.2 million a bigger?
40 of anything is more than 4.2 of them. 40 million is 852% more than 4.2 million .
What is more 42.3 million or 42.25 million?
42.3 million is greater than 42.25 million.
In 1998 the US economy included more than 270 million businesses true of false?
false, this sentence is false 123
The advantages and disadvantages of international tourism?
Advantages to international tourism include more customers for area businesses, and more money being brought into the economy. Disadvantages include added traffic, noise, and people.
What the impact of the economy in a business?
The economy directly affects business. When consumers have buying power, businesses will see more revenue. When the economy is depressed, businesses will see less revenue.
How can lowering taxes stimulate the economy?
Businesses spend more and increase employment.
What advantage and disadvantage of Liberalization in economy in market price?
The advantages are that it allows more opportunities for businesses. Disadvantages are that the businesses are not properly regulated.
What does it mean to say the US has a service economy?
Economies have several types of businesses, such as agricultural, manufacturing and service. Agricultural and manufacturing businesses are self-explanatory. Service business are ones that provided services like telephone, sales, medical and the like to the economy. A country's economy is called a service economy if its businesses are predominantly service oriented as opposed to agricultural or manufacturing oriented. The US has more businesses that provide services to the public than farming or manufacturing businesses, therefore it is a service economy.
What does it mean to say US has a service economy?
Economies have several types of businesses, such as agricultural, manufacturing and service. Agricultural and manufacturing businesses are self-explanatory. Service business are ones that provided services like telephone, sales, medical and the like to the economy. A country's economy is called a service economy if its businesses are predominantly service oriented as opposed to agricultural or manufacturing oriented. The US has more businesses that provide services to the public than farming or manufacturing businesses, therefore it is a service economy.
How many stores does Costco Mexico operate?
From which kind? Walmarts? Nordstrom-like? pa-ma-stores? There are literally hundreds of thousands of such businesses in Mexico, a country with more than 116 million inhabitants and the 11th largest economy in the world.
What is the theory that the government can best stimulate the economy by helping businesses produce more is known as?
supply-side Economics
What is the theory that the government can best stimulate the economy by helping businesses produce more known as?
supply-side economics
The theory that the government can best stimulate the economy by helping businesses produce more is known as?
supply-side Economics
What happens when the government raises taxes?
When they raise taxes, people and businesses are required to pay more into the government. By raising taxes, it takes money out of peoples pockets and therefore they and businesses have less to invest. Investment is what drives the economy. Businesses cannot expand, they don't hire people to work, businesses shrink, people are put out of work and the economy as a whole shrinks.
