Answer:
1. Average annual income of 5000 guilders
2. the rarest tulip bulbs traded for as much as six times the average person's annual salary
3. When a currency's purchasing power decreases due to excessive inflation, serious negative economic consequences arise, including rising costs of goods and services contributing to a high cost of living, as well as high interest rates that affect the global market, and falling credit ratings as a result.
Explanation:
A number of factors contributed to the conditions that caused Tulip Mania. To start, the coin debasement crisis of the 1620s was followed by a period of prosperity in the 1630s. This prosperity coincided with an outbreak of the plague, which caused a labor shortage and increased real wages and surplus income.
Agriculture describes the practice of growing crops or raising animals. Someone who works as a farmer is in the agriculture industry.
It is a false statement that every man and woman communicates in exactly the same way.
<h3>What makes the difference in the communication?</h3>
Men tends to communicate because they share information and accomplish a task while women do so to build relationships and develop understandings.
Therefore, the statement is a false statement.
Read more about communication
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Answer:
One drawback of pure competition is that sellers don't have the opportunity to earn more than their competitors unlike in monopolies, the sellers can set their own prices.
Explanation:
Pure competition is a type of situation where sellers offer the same products of the same prices. This is also called<em> "atomistic market."</em> So you can imagine that the different companies have almost the same sale. An example of an item under pure competition is "corn." Vendors (people) usually sell them at the same price and quality. If differences do exist,<em> they're totally irrelevan</em>t.
The Eastern Roman Empire, or Byzantium, managed to survive much longer then the Western Roman Empire because of multiple factors.
Some of the most important factors are that Byzantium had a strong leadership. The hierarchy was well placed, and the policies of the empire were good and prosperous.
Also, Byzantium was very wealthy, controlled important trade roots, had very well developed agriculture, and produced lot of goods, thus making the empire economically strong.
The military was well payed, well equipped, well organized, and it was loyal to the crown.
