The correct answer is: " Supply and demand regulate business"
According to the central thesis of The Wealth of Nations, the key to social welfare lies in economic growth, which is enhanced through the division of labor and free competition. According to this thesis, the division of labor, in turn, deepens as the extension of the markets and therefore specialization expand. For his part, Adam Smith considers free competition as the most ideal means of economics, stating that the contradictions engendered by the laws of the market would be corrected by what he called the "invisible hand" of the system.
In The Wealth of Nations, Smith assumes, in general, that the demand is relatively fixed in the short and medium term (depending ultimately on the number of people), and that, consequently, it is only the offer that makes the price go up or down
<span>Feudalism declined during the Crusades because. many knights lost their lives and ... After the fall of the Roman Empire, who took the lead in providing services to people throughout Europe? the Roman Catholic Church.</span>
Friedrich Fabri was a German intellectual who lived throughout the 19th century. He is known as the "Father of the Colonial Movement" due to his open support for the engagement of Germany into colonization efforts.
Fabri singled out 3 main reasons for the need to colonize other parts of the world.
- The Crisis in Germany's tariff and trade policy.
- The country's economic position
Two out of the 3 reasons he stated are considered as strengths. Which are Germany's strong growing navy and their powerful economic position in comparison to their European counterparts at the time?
C.
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Negative, its Location (B) not the answer B
