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A: Note: In the BNED guidance only the first question can be answered at a time. Resend a question if…
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A: Bretton wood system: It means a set of unified rules and policies providing the framework necessary…
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A: The process through which the world becomes interconnected due to a massive increase in cultural…
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A: Economy refers to the pace at which development is taking place in the country.
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A: Economic system refers to the organised or unorganised system of allocating resources and the…
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A: Wealth: It estimates the multitude of resources of worth possessed by an individual, local area,…
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A: A traditional economic system is one in which human activities such as distribution, production,…
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A: China has large number of population China comes at number 1 place in all the countries of the world…
Q: What things do people do now which they couldn't do before globalization?
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A: There exists a trade-off between the goals of efficiency and equity. In a free market scenario, the…
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A: Neoliberalism is a policy model that combines politics and economics, with the goal of transferring…
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Q: Transition from Communism to Capitalism
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Q: Discuss the difference between capitalism and communism.
A: The difference between Capitalism and Communism can be explained as follows:
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Q: Describe the type of economic system adopted in South Africa.
A: South Africa is a nation situated at the southern tip of the African mainland. It additionally…
Why communism is a fail economic system?
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