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Author Question: Why is it important to understand how North America's political economy functions as compared to ... (Read 143 times)

storky111

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on: Aug 7, 2018
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?


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micaelaswann

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Reply #1 on: Aug 7, 2018
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).


storky111

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Reply #2 on: Aug 7, 2018
Thank you!


micaelaswann

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Reply #3 on: Aug 7, 2018
Always glad to help...


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