Answer:
Capitalism in practice
Perfect competition is only theoretical, it has never existed nor is it possible to exist. Capitalism as defined cannot exist and any economy that claims to be capitalist is actually some other type of economic system, i.e. only has some capitalist features.
Explanation:
Answer:
1. More job opportunities
2. Better living conditions
Answer:
The correct answer is, Farmers made sure that the highest bids that the bank received when auctioning their homes were pennies.
Explanation:
When people mortgage their properties or precious materials to banks, in order to get loans, and are unable to pay the loans, then banks sell their properties or precious materials to get their money back. They usually sell the mortgage at a good price to have their loans recovered. So farmers made sure that the people who came for auctioning of the houses offer pennies, so that banks won't sell the homes at so low price. In this way, farmers could help their neighbors keep their homes.
With an abundance of natural resources can be determined by a countries development by allowing other countries buy the resources. which then kicks the start of trade as well as development that keeps the countries incomes rising that allows the whole economic system to grow.<span />
