In 1628, a group of Puritans formed<span> the New England Company. The King of England gave them a charter to make a settlement along the </span>Massachusetts Bay<span>. The first group of Puritan settlers was led by John Endecott. They began the settlement Salem, </span>Massachusetts<span>.</span>
The opportunity cost in this scenario is the three lost opportunities Harry experiences by deciding to go to his parents house. The term opportunity cost refers to <em>the loss of potential gain from other alternatives when one alternative is chosen. </em>The potential gain Harry may have lost by choosing to go to his parents for dinner instead could be <em>relaxation while fishing, His house painting being finished, and time spent with his friends at the birthday party. </em>These all can be considers lost opportunity due to choosing an alternate opportunity, that being dinner at his parents.
<span>A centrally planned economy oppose these basic economic characteristics- Property owned by private individuals, Market pricing determination by supply and demand forces, encouragement of competition among the companies and providing a wide range of choice to consumer. Therefore, a centrally planned economy believes in restricted type of economy which is mostly governed by government.</span>
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Historians consider political cartoons to be credible resources in historical inquiry because they give a true picture of the political environment in that particular time period. ... Such cartoons are drawn by knowledgeable people who understand the public mindset very well.
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