Planned economy
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The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
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A command economy is an economic system where a central authority controls and plans major economic decisions rather than market forces. Key characteristics include government ownership of major resources and means of production, as well as economic problems being solved through central planning rather than demand and supply. While command economies can develop a country initially, growth slows over time due to inefficiencies from lack of competition, innovation, and inability to accurately satisfy consumer demand. Many countries have transitioned to more market-based mixed economies as a result.
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This document provides an overview of various concepts related to economic development, including:
1) Definitions of economic growth and development, characteristics of developing countries, and theories of development such as modernization theory and dependency theory.
2) Core values and modern definitions of development according to thinkers like Sen, including concepts like capabilities and functioning.
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A command economy is an economic system where a central authority controls and plans major economic decisions rather than market forces. Key characteristics include government ownership of major resources and means of production, as well as economic problems being solved through central planning rather than demand and supply. While command economies can develop a country initially, growth slows over time due to inefficiencies from lack of competition, innovation, and inability to accurately satisfy consumer demand. Many countries have transitioned to more market-based mixed economies as a result.
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The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness and well-being.
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This document provides an overview of various concepts related to economic development, including:
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2) Core values and modern definitions of development according to thinkers like Sen, including concepts like capabilities and functioning.
3) Characteristics commonly found in developing countries like low incomes, populations, and industrialization.
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2. Microeconomics focuses on partial equilibrium analysis and determining prices through supply and demand, while macroeconomics uses general equilibrium analysis and considers the interdependence between economic variables.
3. Both microeconomics and macroeconomics are important for understanding economic decisions, developing policies, and analyzing fluctuations and growth at different levels of the economy.
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The document discusses the political environment for business in Nepal. It defines political environment and outlines the key components that make up Nepal's political system, including political ideology, structure, government branches, and political parties. It also examines the relationship between business and government, highlighting how each relies on and influences the other. Key challenges in Nepal's political environment that could impact business are political instability, lack of consensus among parties, and weak rule implementation.
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Positive economics takes an objective, fact-based approach to describe economic phenomena and relationships, focusing on what is. Normative economics takes a more subjective approach focused on what should be based on values and opinions. Positive economics deals with quantifiable, measurable descriptions and causes/effects, while normative economics involves value judgments and idealized prospective situations that cannot be scientifically tested or proven. Both have important roles to play, with positive economics providing objective analysis and normative economics introducing new ideas, but decisions should be based on the factual findings of positive economics.
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This document provides information about different types of economic systems: traditional, command, and market. It defines each system and how they answer the basic economic questions of what, how, and for whom to produce goods and services. Traditional economies rely on customs, command economies involve centralized government control, and market economies use supply and demand. Most modern economies are mixed systems that incorporate elements of both market and command approaches. The document includes pros and cons of each system type and examples of countries that exemplify them. Students are directed to complete a graphic organizer on this topic.
Mixed economic system
The document compares and contrasts mixed economic systems and Islamic economic systems. A mixed economic system blends aspects of capitalism and socialism, allowing for public and private sectors to coexist with some government regulation. It has advantages like individual freedoms and utilizing all resources, but also disadvantages like reduced efficiency and potential for corruption. An Islamic economic system also draws from some capitalist principles but is defined by equitable distribution, prohibiting interest, and spending in a way that follows Islamic principles of justice, equality and non-discrimination.
Economic Systems - Mixed Economy
A mixed economy is an economic system that combines elements of capitalism and socialism. It arose due to failures in both pure capitalism and socialism. Capitalism led to issues like unemployment and wealth inequality, while socialism slowed economic growth and reduced personal freedom. A mixed economy allows for both private enterprise and state involvement in the economy to balance these issues.
Mixed Economy
Mixed economies have characteristics of both market and planned economies. The means of production are mainly privately owned and markets are dominant, but the government wields influence through fiscal and monetary policies to counter economic issues. Both private and public sectors exist side by side, with the private sector handling industries like agriculture and consumer goods while the government controls strategic sectors like banking, transport, and energy. A mixed economy aims to take advantage of private companies' capitalist nature and the government's socialist goals of balanced growth and less income inequality. However, resources may not be used optimally as the government prioritizes overall societal benefits, and private enterprises face difficulties from government bureaucracy.
Socialism
Socialism emerged in reaction to the harsh conditions of early industrial capitalism and offered an alternative based on common ownership and cooperation. Early socialists advocated revolution, but as conditions improved, evolutionary socialism developed which sought change through parliamentary means. However, gradualism failed as socialist parties moderated their policies to gain support and power, and capitalism proved more durable than predicted. The core themes of socialism emphasize community, cooperation, equality, and common ownership over private property and individualism.
Types of economic systems
The document discusses different types of economic systems, including pure market economies, pure command economies, traditional economies, and mixed economies. It describes the key characteristics of each type of economy, such as how economic decisions are made regarding what to produce, how to produce it, and who receives the goods and services. The document also briefly covers different political philosophies like capitalism, socialism, and communism that influence economic systems.
Economy type and characteristics
This document discusses different types of economic systems. It defines a traditional economy as one based on customs and traditions where resources are owned by a sovereign. A market economy is based on individual choices where private firms produce for profit. A centrally planned economy gives the government control over production and distribution. A mixed economy incorporates aspects of market and planned systems, with both government and private sectors.
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There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
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