Question

Which type of coordinating and institutional arrangement is best among all the economic system and why?

Which type of coordinating and institutional arrangement is best among all the economic system and why?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Well, in my opinion a capitalistic economic system has been a great arrangement especially considering the institutional framework. When I refer to capitalism, I mean the modern capitalism which allows free trade and has pushed competitiveness. This on the longer run contributes to economies of scale which indicates an efficient economic system. Barring some monopolies and bureaucratic dominance, capitalistic economic system offers the most viable institutional framework which further contributes to the economic growth in the long run.

Hope this helps. Do hit the thumbs up. Cheers!

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Which of the following sentences best characterizes the relationship among Type 1 error, Type II error,...
Which of the following sentences best characterizes the relationship among Type 1 error, Type II error, Sample Size, and the power of hypothesis testing? hypothesis testing does not rely on sample size, Type I or Type II error Type I error is inflated as Type II error decreases, neither is related to sample size When the sample size is small, there is a higher chance of committing a Type II error and decreased power to reject the null hypothesis When...
Which one of the following is not an institutional requirement for markets to operate smoothly? a....
Which one of the following is not an institutional requirement for markets to operate smoothly? a. None of these. b. Infrastructure for the flow of goods and information c. Individualist institutions related to private and decision making d.An equal balance of economic power among buyers and sellers e. Money as a medium of exchange f. Social institutions of trust
Which type of financial market, dealer or auction, is best suited to expanding internationally and why?
Which type of financial market, dealer or auction, is best suited to expanding internationally and why?
Which of the following best describes the arrangement of regulatory proteins at the promoter of the...
Which of the following best describes the arrangement of regulatory proteins at the promoter of the lac operon during the portion the of E. coli growth curve indicated by a star to the right, when grown in media containing both glucose and lactose? a) CAP bound, Repressor bound b) CAP bound, Repressor not bound c) CAP not bound, Repressor bound d) CAP not bound, Repressor not bound
All though all countries throughout the world have to face similar economic problems the economic system...
All though all countries throughout the world have to face similar economic problems the economic system they adopt as a means of dealing with them will differ. Essentially there are three approaches to tackling the economic problem of allocation, distribution and utilization of resources. Comment on all the three approaches and reason out which approach will work out in UAE as a country
All though all countries throughout the world have to face similar economic problems the economic system...
All though all countries throughout the world have to face similar economic problems the economic system they adopt as a means of dealing with them will differ. Essentially there are three approaches to tackling the economic problem of allocation, distribution and utilization of resources. Comment on all the three approaches and reason out which approach will work out in UAE as a country.
All though all countries throught the world have to face similar economic problems the economic system...
All though all countries throught the world have to face similar economic problems the economic system they adopt as a means of dealing with them will differ. Essentially there are three approaches to tackling the economic problems of allocation, distribution and utilization of resources. Comment on all the three approaches and reason out which approach will work out in UAE as a country
What must an economic system accomplish? why?
What must an economic system accomplish? why?
Consider the hybrid cost plus system. Is this system available for use by all types of...
Consider the hybrid cost plus system. Is this system available for use by all types of businesses? Is it best suitable for a particular type of business? If so, which business?
Which institutional investors are “natural” buyers of long-duration bonds?  Explain why using your understanding of duration and...
Which institutional investors are “natural” buyers of long-duration bonds?  Explain why using your understanding of duration and immunization.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT