Answer:
When oil prices go up, the inverse effect can be seen on the demand as the consumers will do less investment in vehicles (less demand).
Explanation:
Demand and Supply are two inseparable parts of the economy and these two aspects affects each other. Demand is what (quantity of goods and services) which the consumers was to but at a certain point of time and at the certain available price.
The supply and price has negative relationship. When the supply of goods and services increases in the market the price decreases. Supply depends on the price, when supply increases price decreases and vice a versa.
The Atlantic slave trade or transatlantic slave trade involved the transportation by slave traders of enslaved African people, mainly to the Americas. The slave trade regularly used the triangular trade route and its Middle Passage, and existed from the 16th to the 19th centuries. The vast majority of those who were enslaved and transported in the transatlantic slave trade were people from central and western Africa, who had been sold by other West Africans to Western European slave traders, who brought them to the Americas. The South Atlantic and Caribbean economies especially were dependent on the supply of secure labour for the production of commodity crops, making goods and clothing to sell in Europe. This was crucial to those western European countries which, in the late 17th and 18th centuries, were vying with each other to create overseas empires.
Answer:
Mercantilism was an economic system of trade that spanned from the 16th century to the 18th century.Mercantilism is based on the principle that the world's wealth was static, and consequently, many European nations attempted to accumulate the largest possible share of that wealth by maximizing their exports and by limiting their imports via tariffs.
Explanation:
