A) Japan is a smaller, more compact country than India
Answer: Historians have identified several causes for the Industrial Revolution, including: the emergence of capitalism, European imperialism, efforts to mine coal, and the effects of the Agricultural Revolution. Capitalism was a central component necessary for the rise of industrialization.
Explanation:
Answer:
Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market—known as a market economy rather than through central planning known as a planned economy or command economy.
Explanation:
I hope this helps!
Answer:
I am Adam Smith
Explanation:
Dear Karl Marx
I write to you to explain, respectfully, why your economic theories are wrong.
First of all, capitalism is not doomed to fail as you say. Capitalism is the best economic system we have developed so far. Capitalism allows the free movement of goods and services, and the accumulation of capital, which leads to economic growth, and the subsequent rise in the standards of living. You yourself recognize this fact.
Secondly, capitalism is not fundamentally unfair. It is true that entrepreneurs tend to earn more than workers, but this is because they risk more than them: they risk their capital and savings, and if the business fails, they could find themselves ruined and in debt.
Finally, I do understand that there are flaws with the system, and I support intelligent intervention to solve these flaws. But it is not socialism nor communism what will solve those flaws.
Sincelery, Adam Smith.
The most popular form of protest during the Anti-Vietnam War movement were sit-ins.
