Explain between milatary strangth and economic strangth. What is best and why?
535695
They are completely different and both are very important for progress of a country. They were interdependent to much extent in historical times, now that's not the case.
674203
A few ideas as to the Economic Pro's + and Cons -\n\nMechanised (Contemporary)\nEconomies of Scale +\nEfficient +\nGreater production yield (Mass Production) +\nFewer Manual resource's +\nDifferent Type of Labour Skill (Machinist rather than labourer)\nHomogeneous products +\nLess fertile land from over production -\nGreater supply leads to a decrease in price -\nOver production (stock piling)-\nPollution -\nImproved wholesale and distribution +\nProduct into the shops quicker +\n\nTraditional Farming\nFree Range Organic Natural Produce +\nEnvironmentally Friendly +\nLabour intensive -\nManual harvesting and packaging, less fresh when it arrives for sale -\nGreat cost of production and distribution -\n\nHope that gives you a few areas for thought!
473101
economic growth and prospect is the best way to improve their life style and life utilities\n\nThere are two ways to growth\n\n1- in the short term. Gov can increase GDP by increase consumption, investment, gov spending or net export\n\n2- For a long term, anything increases in quality or quantities of factors of production will make an economic growth...
187582
Economics deals with the economy.  If we have a poor econmomy that means the people are spending less money.  If people are spending less money, there is less money for healthcare and nurses depend on that healthcare spending.
685194
based on supply and demand.  Too detailed to explain in a q&a.  If you're in school, take a finance and economics class.
1036662
Economics - called the dismal science - studies scarcity of resources on a macro level.  Specific occurrences on a micro level, how an efficient plant operates for example.  Resources have to be managed effectively or they are wasted.  This also includes money.  \n\nSupply and demand is at the core of economics I believe.  Price versus quantity help individual companies decide how much to produce and at what price.  This also includes borrowing which is a staple of capitalism and society, expensive money is expressed in high interest rates.\n\nAs for your other question about the importance of the economy now as opposed to years ago, I don't think so.  It's always been important - the Roman Empire had to deal with inflation.  We just have different circumstances and are much more entwined with other economies.
50699
Roads are the basis of most economies if not all. Transport of goods is easier if roads are good.
379753
the left-right model is generally outdated\n\nthe touble is economically left-right means free market-controlled economy\nbut politics is about many more things than economics\n\ni much prefer the politcal compass model (see the link below for more details)
696310
To the answer above, communism is an economic system. The totalitarian regime in the Soviet Union gives it a negative connotation.
366262
Neither one is better than the other. Each product has their own characteristics. Every person in the market for insurance has their own individual needs. NEVER listen to anyone who tells you to only buy either one or the other. Most people will carry a mix of both. The best thing a person can do is consult with a financial professional and have a needs analysis done.
138706
Try this for size. ECONOMICAL reasons. The war machine is a multi-billion dollar industry.
298434
Learning Macro, if your professor is down to earth enough, will allow you to understand business news and issues much better, especially things like budget deficits, tex cuts, credit crunch, trade surpluses, exchange rate issues, etc.  \n\nMicro gets to be too hypothetical sometimes.  So much talk about profit maximization, cost minimization and calculus, consequently.  In the real world, most business decisions are not purely made out of math parameters but also people contacts, location, financing available, etc.  \n\nSo aside from being easier, Macro is also more practical.  If you're choosing between two electives and you're not an eco major, take Macro. ;)
369761
The basic premise of economics is supply v. demand. If the supply is not there to meet the demand, the economy suffers on a macro level.\n\nAn example:\n"Not too long ago, almost one quarter of the trees in the\nAppalachian forests were American chestnuts. They helped\nsupport not only wildlife but the people living among\nthem. Chestnuts were an important cash crop for many\nfamilies. As year-end holidays approached, nuts by the\nrailroad car were sold and shipped to northeastern cities.\nChestnut timber, strong and rot resistant, was prized for\nbuilding barns, fences, furniture, and other products. ...\nFirst detected in 1904, an Asian fungus to which native\nchestnuts had little resistance appeared in New York City\ntrees. The blight spread quickly, and by 1950 the American\nchestnut was virtually extinct except for occasional root\nsprouts that also became infected. Organizations such\nas the American Chestnut Foundation are working with\nplant breeders to develop a disease resistant strain and\nrestore it to the eastern forests."\n\nWhen was the last time you heard of anyone roasting chestnuts on an open fire during the holidays?\n\nThe families that sold chestnuts lost their income, the wholesalers lost their supply and the retailers of chestnuts lost their customers for chestnuts. The flow of money stopped when it comes to chestnuts.\n\nYou could draw the same conclusions when discussing the economic implications of commercial fishing regulations. If you want to utilize the microeconomic implications you could look at any single business entity that was lost as a result of regulation. There must be thousands of examples, like hunting expedition companies, the fur trappers of the old west...
775445
The growth of an economy can come from two sources.  Government investment or entrepreneur investment.  Although government investment can facilitate economic growth as in building new roads and water supply systems many times government development money is not put to the best economic use because that development money is dictated not by best use but by political and self interest considerations. \n\nEntrepreneur investment on the other hand tends to be much more efficient in promoting economic development because the main consideration in that investment is only return on investment.  The investment tends to gravitate toward where it can make the highest return and thus generate the highest economic benefit to the economy.  \n\nThat is why free market economies tend to outperform planned economies in general, because the free market tends to know better where the highest economic returns are located whereas the planners tend to funnel investments for their own personal interests.
181306
Real GDP per capita is a better measure. That is GDP adjusted for price changes and divided by the population. There are still problems with this measure, however, as it does not tell you anything about the distribution of income. The GINI index can be used for this. Also GDP does not take into account such things as the underground economy, illicit activity, leisure, pollution, hours worked, congestion etc.\n\nHaving said this, real GDP per capita is the best measure we have.
909169
This question belongs in the Philosophy section.  Investing is about making money.  If you confuse the two, then you are asking for trouble.
551024
Macro means large, Micro means small.\n\nIf you took the sum of every indivudual demand curves, you would have the aggregate.\n\nExample:  Person A would demand 5 units at $3.00 while Person B would demand only 4 units at $3.00.  The aggregate demand curve at $3.00 would then be 5 + 4 or 9.\n\nGenerally speaking, for normal goods, as the price rises, people demand less ... if the price were $4.00 in the above, then Person A might only demand 2 units and Person B may only demand 3 units.  Generally this reflects the opportunity cost of th next best alternative.  As you are required to spend more on one good, you can afford that much less of another ... so the trade off's become greater.