The United States is mostly amarket economy. Producers determine what’s sold and produced, and what prices to charge. If they expect to succeed, they will produce what consumers want and charge what consumers are willing to pay. Through these decisions, the laws of supply and demand determine...
A sector is an area of the economy in which businesses share the same or related business activity, product, or service. Sectors represent a large grouping of companies with similar business activities, such as the extraction of natural resources and agriculture. Dividing an economy into different ...
this incredible engine of innovation can be harmful if it isn't properly regulated. While it's great for people in the United States or Canada to have access to inexpensive cotton products, this benefit is reduced if cotton farmers in China or India don't receive fair compensation that promot...
economy and the economy of a student's home country. "MIT is completely need-blind for all students," says Stuart Schmill, the university's dean of admissions and student financial services. "We offer only need-based financial aid, and we meet the full financial need of all ...
Narrator: Listen to part of a lecture in a United States Government class. Professor: We've been talking about the basic services and facilities that an economy needs to function, roads, bridges, rail systems, water supplies, power grids, and so forth. ...
And what the Stoics say in general is simply this: There is a larger plan in life. 出自-2016年6月阅读原文 In post-war Japan, the economy wasn’t doing so great, so you couldn’t get everyday-use items like household cleaners, says Lisa Katayama, author of Urawaza, a book named afte...
Narrator: Listen to part of a lecture in an American History class. Professor: We have been talking about the transformation—the industrialization of United States economy in 19th century. As the country shifted from an agricultural to an industrial base, political power shifted too. Businesses be...
The only remaining serious challenger to GOP front-runner Donald Trump –who is very likely to win the party’s nomination despite his legal woes –is Nikki Haley, the former South Carolina governor and U.S. ambassador to the United Nations. Haley on Tuesday vowed to stay in the race even...
But if the conflict broadens in the Middle East and oil prices move meaningfully higher for longer, the stock market is sure to view it as a negative. Although oil companies benefit from higher prices, a prolonged rise in oil prices would be a negative for the economy and the market as ...
Since the reform and opening-up of China, the economy has grown rapidly, and people’s cultural needs have become increasingly diversified; however, some vulnerable groups, such as migrant workers, left behind children, and nesters cannot effectively influence the government decision-making process ...