Answer:
Mercantillism
Explanation:
Mercantillism was a economic of trade that spanned from the 16th sentury to the 18th sentry. Mercantillism was based on the idea that a nation's weath and power were best served by increasing exports and so involved increasing trade.
Answer:
1. Collusion- agreement between two or more people to limit competition and earn higher profits.
2. Competition- contest between rivals.
3. Customer service- service provided to consumers during and after the buying process.
4. Profit- money left after all expenses are paid.
5. Quality- degree of excellence for something, such as a product.
Explanation:
In an economy, there are different aspects of which makes it work. And some of the terms used in an economy are-
1. Collusion is used when there is an <u>agreement between different parties </u>so that there is a limitation in the competition and earning of higher profits in the business.
2. Competition is when <u>two or more parties vie for a higher profit</u> or popularity. This attribute to be larger or better than the others is a competition.
3. Customer service is the <u>service or help provided </u>by companies or businesses to their customers during and after the buying process.
4. Profit is the <u>'excess' money left</u> after all form of payment/ expenditure is made.
5. Quality of a product or anything is the <u>level of excellence</u> that is found or expected in it, be it a product or a service.
They called it the gift of the Nile because the Nile was really important in the Egyptian times
Under the reign of Louis XIV, France was a center of learning and the arts. France became the greatest power in Europe.
The creation of trusts was a common tactic used to exercise control in :Organizing unions.
Unions were trusted by the employees as a representative to fight for their workers right in case it was attacked.