What type of economy does Poland have?
The country of Poland uses a 'market' economic system and represents the sixth-largest economy in Europe. Countries are generally categorized into one of four economic systems: traditional, command, market or mixed.
'Traditional' economies tend to be rural second or third-world countries where products, services and their exchange are a result of their beliefs, customs, religions and traditions.
In a 'command' economy, a large portion of the economic system is controlled by a centralized power, which is often the federal government. Such systems often exist when a region is rich in valuable resources.
Similar to a free market, a 'market' economy is largely controlled by the people in organizations who determine how the supply and demand of resources are met, with little government intervention.
A 'mixed' economy typically bears aspects of both command and market economies. While some may be primarily free markets, others may be closely regulated by the government in certain areas.
Definition of economic diversity
Having diversity among its economic goods can greatly improve a country's economic performance. Demography, geographical location and government policies can determine which products or services sell the best within the economy.
Economic diversity can refer to what companies have to offer as well. It is frequently debated at the collegiate level in terms of the types of students that colleges accept to their schools. Ivy League colleges are often criticized for having low economic diversity.
Definition of "descriptive economics"
Scientists use positive analysis and normative analysis to communicate economic principles. Descriptive economics is comprised of positive analysis because it's fact based and objective. It involves gathering data and presenting it without attempting to communicate what the data means.
Normative analysis looks at factual data, but it results in recommendations that constitute value judgments. Although economists use factual data to form these judgments, the recommendations are subjective because they're based on the economists' opinions of the meaning behind the numbers.
Relationship of economics to other sciences
Economics is closely related to the other social sciences, particularly politics, sociology (because some academics argue that economics is in fact a branch of sociology) and ethics; there are also strong connections with psychology, as economics is often influenced and affected by human behavior patterns. Economic thought dates back to ancient Athens with Plato and Aristotle both describing fledgling economic models in their writings.
Sociology, which is the study of human social behavior, can have a quantifiable effect on the application of economics in many ways. Stock market prices, for example, are often influenced much more by the perceptions of investors and shareholders than by actual hard data. Understanding what drives human behavior can lead to a better prepared economic model, and can also mean markets can be tailored around specific patterns of behavior.
Politics and economics are more visibly connected, thanks to the inseparable link between the science of state and the health of the economy. Interestingly, there is much debate about the level of agreement academic economists have with political economic decisions, due to the often long time scales needed to effect and alter economic models, which is often at odds with the need for quick political fixes.
"Structured observation"
In the social sciences such as psychology and sociology, "structured observation" is a method of data and information collecting. Through the structured observation method, social scientists are able to look selectively at the social phenomena they are attempting to study. For this reason, structured observation is a popular method of conducting an experiment or observing a phenomenon for the explicit purpose of testing a specific hypothesis.
According to the University of Strathclyde, when conducting research in psychology and sociology, there are a number of different ways to go about gleaning information. One such way that is able to focus primarily on a given phenomena is structured observation. This requires that there are clearly laid-out goals and plans for these observations before the observation begins. Otherwise, it may not be possible to focus selectively on any one given phenomenon. This method of research uses smaller, predetermined and more manageable pieces of information that have been obtained through the use of quantitative techniques.
There are varying levels of "structure" that these observations can be classified under. Highly structured observations have precise and exclusive ways to observe and break up information. By contrast, semi-structured observations do not have this level of control over what is being observed in the experiment.
The country of Poland uses a 'market' economic system and represents the sixth-largest economy in Europe. Countries are generally categorized into one of four economic systems: traditional, command, market or mixed.
'Traditional' economies tend to be rural second or third-world countries where products, services and their exchange are a result of their beliefs, customs, religions and traditions.
In a 'command' economy, a large portion of the economic system is controlled by a centralized power, which is often the federal government. Such systems often exist when a region is rich in valuable resources.
Similar to a free market, a 'market' economy is largely controlled by the people in organizations who determine how the supply and demand of resources are met, with little government intervention.
A 'mixed' economy typically bears aspects of both command and market economies. While some may be primarily free markets, others may be closely regulated by the government in certain areas.
Definition of economic diversity
Having diversity among its economic goods can greatly improve a country's economic performance. Demography, geographical location and government policies can determine which products or services sell the best within the economy.
Economic diversity can refer to what companies have to offer as well. It is frequently debated at the collegiate level in terms of the types of students that colleges accept to their schools. Ivy League colleges are often criticized for having low economic diversity.
Definition of "descriptive economics"
Scientists use positive analysis and normative analysis to communicate economic principles. Descriptive economics is comprised of positive analysis because it's fact based and objective. It involves gathering data and presenting it without attempting to communicate what the data means.
Normative analysis looks at factual data, but it results in recommendations that constitute value judgments. Although economists use factual data to form these judgments, the recommendations are subjective because they're based on the economists' opinions of the meaning behind the numbers.
Relationship of economics to other sciences
Economics is closely related to the other social sciences, particularly politics, sociology (because some academics argue that economics is in fact a branch of sociology) and ethics; there are also strong connections with psychology, as economics is often influenced and affected by human behavior patterns. Economic thought dates back to ancient Athens with Plato and Aristotle both describing fledgling economic models in their writings.
Sociology, which is the study of human social behavior, can have a quantifiable effect on the application of economics in many ways. Stock market prices, for example, are often influenced much more by the perceptions of investors and shareholders than by actual hard data. Understanding what drives human behavior can lead to a better prepared economic model, and can also mean markets can be tailored around specific patterns of behavior.
Politics and economics are more visibly connected, thanks to the inseparable link between the science of state and the health of the economy. Interestingly, there is much debate about the level of agreement academic economists have with political economic decisions, due to the often long time scales needed to effect and alter economic models, which is often at odds with the need for quick political fixes.
"Structured observation"
In the social sciences such as psychology and sociology, "structured observation" is a method of data and information collecting. Through the structured observation method, social scientists are able to look selectively at the social phenomena they are attempting to study. For this reason, structured observation is a popular method of conducting an experiment or observing a phenomenon for the explicit purpose of testing a specific hypothesis.
According to the University of Strathclyde, when conducting research in psychology and sociology, there are a number of different ways to go about gleaning information. One such way that is able to focus primarily on a given phenomena is structured observation. This requires that there are clearly laid-out goals and plans for these observations before the observation begins. Otherwise, it may not be possible to focus selectively on any one given phenomenon. This method of research uses smaller, predetermined and more manageable pieces of information that have been obtained through the use of quantitative techniques.
There are varying levels of "structure" that these observations can be classified under. Highly structured observations have precise and exclusive ways to observe and break up information. By contrast, semi-structured observations do not have this level of control over what is being observed in the experiment.
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