Products related to Economy:
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Omega 3 Fish Oil Capsules 500 mg XXL economy pack - 679 g
Each capsule contains 500 mg of valuable fish oil with over 30 % of natural, polyunsaturated Omega-3-fatty acids EPA (ca. 18 %), DHA (ca. 12 %) and DPA (ca. 2.0 %).As necessary, essential nutrients, Omega-3 fatty acids cannot be produced by the human body and therefore should be consumed regularly in foods. Important representatives of the group of Omega-3 fatty acids are DHA (docosahexaenoic acid) and EPA (eicosapentaenoic acid), which are proven to support healthy, normal heart function (from daily intake of 250 mg). We have sensibly supplemented the capsules with natural vitamin E, which helps protect the cells because of its antioxidant effect. Recommended daily dose: 6 capsules
Price: 36.44 £ | Shipping*: 14.50 £
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How is the production potential of an economy defined?
The production potential of an economy is defined as the maximum level of output that an economy can sustainably produce using its available resources, such as labor, capital, and technology. It represents the capacity of the economy to produce goods and services over a period of time. Factors that can affect the production potential of an economy include the size and skills of the labor force, the level of investment in physical and human capital, and the efficiency of production processes. Understanding the production potential of an economy is important for policymakers and businesses to make informed decisions about resource allocation, economic growth, and development strategies.
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Free market economy or planned economy?
The choice between a free market economy and a planned economy depends on the specific goals and values of a society. A free market economy allows for individual freedom and competition, which can lead to innovation and efficiency. However, it can also result in inequality and lack of regulation. On the other hand, a planned economy allows for more control and distribution of resources, but it can stifle individual initiative and innovation. Ultimately, the decision between the two depends on the balance a society seeks between individual freedom and social equality.
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Why market economy and not planned economy?
A market economy is preferred over a planned economy because it allows for individual freedom and choice in economic decision-making. In a market economy, prices are determined by supply and demand, leading to efficient allocation of resources. Additionally, competition in a market economy encourages innovation and productivity, driving economic growth. On the other hand, a planned economy, where the government controls production and distribution, can lead to inefficiencies, lack of innovation, and limited consumer choice.
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How are planned economy and shortage economy related?
A planned economy is a system in which the government controls and regulates production, distribution, and prices of goods and services. In a planned economy, resources are allocated based on a central plan rather than market forces. A shortage economy occurs when there is a lack of goods and services available for consumers due to factors such as poor planning, inefficiency, or external shocks. In a planned economy, the risk of a shortage economy is higher as the government may not accurately predict or meet the demands of the population, leading to imbalances in supply and demand.
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What is the difference between social market economy, free market economy, and planned economy?
A social market economy combines elements of both a free market economy and a planned economy. It allows for private ownership of businesses and resources, while also implementing government regulations to ensure fair competition and social welfare. In contrast, a free market economy relies on minimal government intervention, allowing businesses to operate with little regulation. On the other hand, a planned economy is centrally controlled by the government, with decisions regarding production, distribution, and pricing made by central authorities.
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Who owns the means of production in a state-controlled economy?
In a state-controlled economy, the government owns the means of production. This means that the government controls and manages the resources, factories, and businesses that produce goods and services. The government makes decisions on what to produce, how to produce it, and for whom, with the goal of achieving specific economic and social objectives. This centralized control allows the government to regulate the economy and allocate resources according to its priorities and policies.
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What is the mode of production in a free market economy?
In a free market economy, the mode of production is based on private ownership of the means of production and the pursuit of profit. This means that individuals and businesses have the freedom to produce and sell goods and services according to their own interests and without government intervention. The allocation of resources and the distribution of goods and services are determined by supply and demand in the market, rather than by central planning. This system allows for competition, innovation, and efficiency in production.
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Is Germany a centrally planned economy, a social market economy, or a free market economy?
Germany is considered a social market economy. This means that while it operates within a free market framework, the government plays a significant role in regulating the economy and providing social welfare programs. The social market economy model aims to balance economic freedom with social responsibility, promoting competition and entrepreneurship while also ensuring social security and a fair distribution of wealth. This approach has been a key factor in Germany's economic success and stability.
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