A business monopoly is where one business dominate/accounts for 100% of the market. There are many buyers but one seller, high barriers to entering/exiting the market, and the business is a price setter
Answer:
By opening interaction with western nation.
Explanation:
In the past, both of these nations were extremely secluded and homogeneous. They strive to produce their own consumption products without any form of trades with another nation.
But they soon realize that it is much more beneficial to be involved in international trades due to the increase of target market and
China started to opened up the possibilities for international relation in early 1800s, and started to show signs of economic growth from that decision. Japan see this, and decided to emulated China in 1854.
That being said, both nations were pretty adamant that they're not interested in any form of colonial relationship with the Europeans. They wanted to maintain complete autonomy over their territories and not afraid to retaliate if the western nations started to show that intention.
Answer:
1664
Explanation:
The Dutch first settled along the Hudson River in 1624; two years later they established the colony of New Amsterdam on Manhattan Island. In 1664, the English took control of the area and renamed it New York.
Hope this helps :)
4. East Germany was communist, while West Germany was democratic.
