Answer:
Western colonialism, a political-economic phenomenon whereby various European nations explored, conquered, settled, and exploited large areas of the world. The age of modern colonialism began about 1500, following the European discoveries of a sea route around Africa's southern coast (1488) and of America (1492).
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Explanation:
<u>Marginal Costs & Marginal benefits in a choice you made.</u>
Assume that I want to buy an ornament for hands. I spend $500 for purchasing an ornament. When I was supposed to see another I wish to buy that. But spending again for the ornaments also not a good idea. I am also not willing in spending $500 for the ornament. So, I decided to go for an ornament that costed only $250. No, my marginal benefit get decreased from $500 to $250. When I decided to go fro the second one or more than one of same good my marginal benefits decrease.
Marginal cost is something that changes in a smaller range in the production of one additional unit. For example I decide to manufacture 500 pens. i need raw materials for the production and a building and machine for production. The change in the cost or expenses that happens when I decide to produce 600 pens is the marginal cost.
<u>Acculturation</u> is the term used to describe the profound cultural transformation that takes place in a culture when it has extensive first-hand contact with a more dominant society.
A individual or group acclimates to the customs and values of another culture while keeping their own unique culture through the process of acculturation. When a minority culture adopts aspects of the majority culture, as is typically the case with immigrant groups who are culturally or racially distinct from the local majority.
However, as acculturation is a two-way process, the members of the dominant culture frequently incorporate traits from minority cultures they come into touch with. When the process is taking place, neither side is necessarily a majority or a minority. It can happen at both group and individual levels.
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