Which economic policy works best, capitalism, socialism or communism? In a few simple sentences, define economics. Explain the term political economy. Define the term "Market" as it relates to economics. What is the difference between a capitalist, planned socialist, and market socialist economy?
Define and explain the concepts of utility. Why is it important in economics? Explain the fundamental difference in the "Keynesian" view of the economy versus the "Classical" view. Relating to economics, define communism. What's the difference between macro and micro economics? Why ...
Define the term macroeconomics as used in economics today. Relating to economics, define capitalism. Define economies and diseconomies of scope. Describe and explain your view of the macro economy. Relating to economics, define socialism. Relating to economics, define communism. ...
How would the transition from one economic system (capitalism) to another (communism) work in previously capitalist economies? What would need to happen? Describe the definition of economics in simple words. What are the distinct elements and features that differ between capitalism, planned economies...
Relating to economics, define communism. Explain the term "enterprise" as it relates to business and economics. Define Comparative Advantage in economics terms. What is the definition of a developing economy? Define the term "indifference curve" in economics. What is aggregate economic behavior? Def...
Relating to economics, define communism. What is the definition of scarcity in economics? What do economists mean when they say "that there is no such thing as a free lunch"? In terms of microeconomics, what is a simple definition of Net Economic Value? Define or describe the following term...
Briefly describe the definition of socialism as applied in economics. Explain a market economy and capitalism. List and explain the characteristics of capitalism. What is an "economic system" in a simple definition? Describe the definition of communism as used in the economic system. Define "econom...