Answer:
Guilds: they are medieval association of workers and craftsmen which ensure mutual aid and quality work in a particular production process in which they hold a monopoly acquired from the state.
During the mid-eighteenth century, they became the center of criticism by the followers of free trade who believed that restriction of work by the sate should be ended for a more competitive economic structure. By the mid-nineteenth century, the monopoly of guilds seemed to be disappeared.
Answer:
Jefferson's most fundamental political belief was an "absolute acquiescence in the decisions of the majority." Stemming from his deep optimism in human reason, Jefferson believed that the will of the people, expressed through elections, provided the most appropriate guidance for directing the republic's course.
There are different ways of repaying (or repaying) a mortgage loan. The way depends on the periodicity of the fees (normally paid each month) and the variation of their amount over time (if they are constant, increasing or decreasing). Another potential option is to establish an initial period of denial, during which the capital is not returned only interest is paid, or nothing is paid.
Most often, loans received from credit institutions are returned through the payment of constant periodic fees (every so often, usually every month), in which amount a portion of interest and part of capital is included. This method of return is known as the "French system"
The correct answer to this open question is the following.
Although there are no options attached we can say the following.
The explanation of the laws of supply and demand from the perspective of the consumer (demand) and the perspective of the producer (supply) is the following
In the Capitalists economic system, investors and entrepreneurs took risks when invested their money to create their companies. They let supply and demand established the prices of goods and services. The free market is ideal for them.
For the consumer, the demand is the number of people that ask for a determined product in the market. The more people demand a certain product, the price of this product could be higher if product is not enough.
From the perspective of the producer, if too many people demand the product, the producer can charge more when selling the product to the public. But if consumers are not demanding the product and there is plenty of this product, producers have to reduce the price of the product so people could be interested in purchasing it.
A simple example is winter clothes in summer and summer clothes in winter. Nobody is going to ask for a snow jacket in the summertime, so this product won't be available or is going to be relatively cheap because the weather is hot. On the other hand, during winter, that product would be expensive because a lot of people are going to be interested in purchasing one. And as nobody will ask for short pants, these are going to be cheap.
Mammoth bones
Hope it helped
