Answer:
c. A Captive Market
Explanation:
A captive market can be defined as a type of market in which the consumers or potential customers are only able to buy (purchase) what is made available to them due to the limited number of competitive suppliers (wholesalers or suppliers) in the market.
This ultimately implies that, in a captive market, the choice of the consumers is very limited and as such they can only buy goods or services that are made available by the supplier. Therefore, a captive market is characterized by oligopoly or monopoly and as a result of this, the price of goods and services are generally higher with minimal choice for the consumers.
Hence, the economic relationship the American Colonies had with England is known as a captive market.
In the 16th century, the American Colonies was typically a captive market for Great Britain as a raw materials such as lumber, rice, fish, or tobacco in exchange for sugar and slaves.
Answer: The Agricultural Revolution of the 18th century paved the way for the Industrial Revolution in Britain.
Explanation: New farming techniques and improved livestock breeding led to amplified food production. This allowed a spike in population and increased health. The new farming techniques also led to an enclosure movement.
Answer:
King Cotton, phrase frequently used by Southern politicians and authors prior to the American Civil War, indicating the economic and political importance of cotton production.
Answer:
The Soviet Union had a totalitarian government.
Explanation:
