Question
Imagine that you are writing a report for the government of Customaria on the impact of changing from a traditional economy to more of a
Imagine that you are writing a report for the government of Customaria on the impact of changing from a traditional economy to more of a market system.
You've just finished constructing a table summarizing your results when your computer crashes, corrupts your file, and scrambles your words. A computer technician has been able to reconstruct the characteristics of the economy you wrote about, but you have to recall whether each characteristic would increase, decrease, or not change.
In the table that follows, identify the most likely changes in the listed characteristics as Customaria moves from a traditional economy to more of a market system.
Characteristic | Change |
---|---|
Wage inequality | |
Rate of economic growth | |
Variety of goods and services |
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