Inflation is the increase in level of prices in an economy, while deflation is a decrease of the prices.
Inflation has a higher price increase, which means there will be less purchases. Deflation has a lower prices, so the quantity or amount of the item will be out of stock quicker.
Answer:
The first option is not true about feudalism. The reason: West and Central Europe had large distribution networks even before X century. Besides, during XVIII-XI centuries, social mobility among some regions of Europe was not common.
In addition to that, the Crusades and the subsequent conflicts in Middle-East changed some of the of the commercial dynamics during Middle Age. Furthermore, in Central Asia, the end of the Mongol Empire in XIII century and the ottoman expansion helped to the closure of the Silk Road, which was the biggest commercial route between Far East and Europe.
Explanation:
Hamilton thought more about the business side of things and preferred a strong central government formed by an elite class of people while Jefferson did everything for the people and their interest and preferred a strong state and local government formed by the common people. so it was basically Hamilton and the federalists vs Jefferson and the democratic republicans.
Eliminate- To get rid of something or someone
Communism- a government system that controls land and resources
Transitional- temporary moves from one state to another
Single party state- a government controlled by a single political party
Troika- a ruling party of 3 people
