This topic contains a solution. Click here to go to the answer

Author Question: Why is it important to understand how North America's political economy functions as compared to ... (Read 153 times)

storky111

  • Hero Member
  • *****
  • Posts: 561
Why is it important to understand how North America's political economy functions as compared to understanding its basic economic patterns?
 
  What will be an ideal response?

Question 2

What is basic and nonbasic employment, and why are both of these important to the local economies of communities in North America?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

micaelaswann

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

North America's political economy includes the links between North America's economy and politics. Economic patterns and linkages have a major impact on political dynamics and relationships between regions in North America and North America's political relations to the rest of the world.

Answer to Question 2

Basic employment is employment in the industry or industries that a region uses to generate trade and income from elsewhere. Nonbasic employment is employment that provides goods and services to the local economy. Nonbasic employment is generated by basic employment. When a city or town experiences growth in a basic industry, the growth in basic employment results in growth in nonbasic employment (for example, teachers, doctors, and jobs in retail).





 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

For a complete list of videos, visit our video library