Due to spirit of reasoning, Renaissance and emphasis on human logic.
<u>Explanation:</u>
- Europe by the mid of 15th century was going major societal and literary transformation. The old decadent thoughts were questioned and emphasis was placed on reasoning and human logic.
This came to be known as the renaissance. Due to social transformation and spirit of enquiry, sailors (mostly from coastal countries such as Spain, Portugal, and later Italy) began venturing into deep seas to explore and discover a new world. Earlier the venture and discovery activity was mostly dominated by Arabs who have been in the sea since the 7th century AD.
These activities were supported by discoveries in art of navigation, production of world maps etc. As a result of these activities, Columbus on his venture to find the shortest route to Indies (currently island of Indonesia famous for species) landed into America thus discovering the whole continent of America.
- What followed the venture was several expeditions to a different part of the worlds.
- The transformation took place in the economic sphere and crude concept of factory originated when workers were made to work away from home at the predesignated site by the landlords. The wheel turned and turned and the whole of Europe in succession witnessed Industrial revolution at the same time the rest world experienced the scourge of colonialization.
- It was the absence of the Industrial revolution in the regions outside Europe that made them fall prey to colonial powers.
Answer:
The primary group for whom goods and services are produced in a traditional economy is the tribe or family group. In a command economy, the central government decides what goods and services will be produced, what wages will be paid to workers, what jobs the workers do, as well as the prices of goods.
Answer:
Flexible
Explanation:
Flexible exchange rate system is a monetary system that is determined by the forces of demand and supply in the foreign exchange market, just like the price of a commodity. In response to the demand and supply change, the currency value is allowed to fluctuate freely without any form of government intervention or control by central banks.
What Individuals who buy and sell currency in international market think the currency is worth affects the flexible rates, and their judgments are centered on the strength of the economy, debt levels of the country and interest rates of central banks.
Core democratic values<span> are the fundamental beliefs and </span>constitutional<span> principles of American society, which unite all Americans. These </span>values<span> are expressed in the Declaration of Independence, the United States </span>constitution<span> and other significant documents, speeches, and writing of the nation.</span>
Answer:
Zakat (Obligatory charity) is an important pillar of Islam. It is also written in the Quran that performing Zakat purifies your own wealth.
[Quran 7:156] My mercy encompasses all things, but I will specify it for the righteous who give Zakat.
All Muslims are obliged to pay a portion of their wealth to help those in need.
