ECONOMICS
GDP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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occasional instability of employment and price levels.
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uninterrupted economic growth.
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persistent full employment.
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declining populations.
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Detailed explanation-1: -Brief explanations are given for these characteristics of the market system: private property, freedom of enterprise and choice, the role of self-interest, competition, markets and prices, the reliance on technology and capital goods, specialization, use of money, and the active, but limited role of government.
Detailed explanation-2: -Important indicators of economic instability in rural areas include unemployment rates, housing and food insecurity, and poverty rates.
Detailed explanation-3: -Economic instability is defined as a stage in which the economy is going through a recession or an unhealthy expansion associated with an increase in the price level. Causes of economic instability include fluctuations in the stock market, changes in the interest rate, fall in home prices, and black swan events.