<span>The cultural emphasis on personal goals and distinctive expression is described as individualism.</span>
Answer:
Britain was far more advance from other European countries.
Explanation:
The development like industrialization and advancement in society began first in Britain. The industrial revolution was possible in Great Britain because of the availability of iron ore and coal deposits. They had modernized transportation like canals which helped transport goods from one place to another. They brought materials to factories and finished products to markets.
Answer:
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Suppose both john and bill can do two tasks in a day. if john can do each of the two tasks faster than bill, then <u>John should specialize in performing the task for which he has a </u><u>comparative advantage</u><u>. </u>
Comparative advantage refers to the capacity to provide goods and offerings at a lower possibility price, not always at a greater quantity or satisfactory. Comparative gain is a key perception that trade will still occur even though one u . s . has an absolute gain in all products.
In an economic model, retailers have a comparative advantage over others in producing a selected desirable if they can produce that excellent at a lower relative opportunity price or autarky rate, i.e. at a decrease relative marginal price previous to trade.
In economics, a comparative advantage occurs when a country can produce a very good or carrier at a lower opportunity value than another u . s .. The principle of comparative gain is attributed to political economist David Ricardo, who wrote the book standards of Political economic system and Taxation (1817).
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