ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Command
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Traditional
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Mixed
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Market
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Detailed explanation-1: -The environmental impact of economic growth includes the increased consumption of non-renewable resources, higher levels of pollution, global warming and the potential loss of environmental habitats.
Detailed explanation-2: -High rates of unemployment or underemployment. Increasing inequality, with many not being included in the growth process. High rates of poverty and low growth. Volatile growth dependent on one source. More items
Detailed explanation-3: -Lack of regulations governing legal competition among companies. Lack of environmental awareness on the part of suppliers and clients. Economic barriers and access to financing. Technical skills and abilities that are not yet present in the workforce. More items
Detailed explanation-4: -Fluctuating raw material prices. Since 2006, the level and fluctuation of raw material prices have signficantly increased. Critical materials. Another disadvantage of the current linear economic system is that much is produced with scarce materials. Interdependence. Increase in material demand.