Scarcity is what forces you to make trade-offs. Suppose you have an economy that produces and consumes 2 products, A and B. In a world without scarcity, you have enough resources (land, machinery, raw materials, manpower) to produce as many of each product as you need/want. However, in a world with scarcity, you have a limited amount of production resources. You can produce, let's say, 10 A products or 10 B products, or a combination of both products with less than 10 products each. For every additional A product you produce (up to the max of 10), you have to produce less B products. This is a trade-off.
No they grew wealthy off of trade
Answer:
Explanation:
In the 1920s, talent scouts from northern record companies turned their attention to the South. They recorded black and white musicians, paid next to nothing, and made fortunes selling music to southern audiences. The varied and colorful strains combined to create a multitude of folk and popular music. They contributed to the development of jazz, one of America’s most unique and highly developed arts, and influenced the work of American classical composers. Jazz was born about the turn of the twentieth century in New Orleans, which was a crossroads of musical culture. Jazz had its basis in the religious shouts and hollers, dances, work songs, and blues of African American people.
<span>It was by their independence in 1776 and they had a policy of mercantilism and a high degree of autonomy and they resisted to the demands of London for a greater control. The Seven Years War left the three European kingdoms (Britain, France, and Spain) in bankruptcy and thanks to the thought developed in the century of the lights would provoke in them a feeling of independence. Each of these colonies developed its own system of government, and, they voted in favor of its local government. In this way, they had a collective change of identity.</span>
