Mercantilism is the economic system established between a colony and a colonial power, where the natural resources found in the colony are used in the mother country to produce complex goods. An example of this would be how a colony would be advised not to create oil refineries to refine the oil into gasoline. This would mean that gasoline, the product of refined oil, would be imported to the colony once refined elsewhere. Thus, they would depend on foreign economic activity to meet local needs.
Fantasy and Fiction
Explanation:
I'm not certain as to what you're looking for. But, I hope this is helpful
1. ANSWER: The Code of Hammurabi
Hammurabi set up the "Code of Hammurabi" with 282 laws and where the famous phrase "an eye for an eye, a tooth for a tooth" came from. Although this code is actually more complex and less sinister-sounding than the phrase (which is not a direct quote, by the way), this legal system is meant to protect everyone abused, offering just compensation to everyone harmed.
In this system though, the accuser has to be the one to bring the accused to trial.
2. ANSWER: He wants to protect the abused.
Since Hammurabi was ruling a very diverse set of people, he set out to find a set of universal laws to govern everyone. He tapped legal experts to collect previously existing laws and examine them until he formed the Code with 282 laws.
Quoting Hammurabi directly, he said that he set out these laws "to make justice visible in the land, to destroy the wicked person and the evil-doer, that the strong might not injure the weak."
3. ANSWER: The laws influenced future cultures.
The Code of Hammurabi is often attributed as the first set of written laws to be uncovered. Although this may not be the case as there are older laws that were uncovered, being recognized as the first set of written laws often led leaders of future cultures to adopt the system, making these leaders lead the way Hammurabi led.
In order for production to take place, the question of what is to be produced must be answered. Who will receive the goods and services? must be answered for the production to take place.
<u>Explanation:</u>
The maximum and efficient utilization of the available resources is a big challenge that is being faced by any kind of society. This is because of the scarcity present in that society. There are three questions that can be used for the purpose of solving the problem related to economy. They are:
- What type of goods and services should be produced?
- How to produce the decided goods and services?
- Who will be consuming the produced goods and services?
For example a manufacturer must decide whether he must produce some appliances for kitchen or some weapons. Then he must decide how to produce those goods. He must decide the material that he must use to produce those goods. Then he must decide to whom will he serve these goods. He must decide whether to serve these goods with people in first-come basis or based on the education level, age, etc.
<span>Native American tribes competed for resources and were independent of each other.</span>
