Answer:
Britain became a dominant force in America as they took all French colonies. On the other side, debts became a large problem for the Empire, as they had to face the biggest problem with money in history.
Explanation:
Britain won the war, and all the French possessions in North America went into their hands, including Canada. On the other side although Britain once more was seen as one of the leaders as a great force, financial problems led to the decline of power that resulted in the American revolution.
Answer:
Development.
Explanation:
Development can be defined as the progress of a country as it becomes more economically, technologically advanced and improvements in people's quality of life.
Some of the economic development indicators are demographics, gross domestic product (GDP), unemployment, economic structure, gross national product (GNP), inflation etc.
Basically, development is considered to be a microeconomic element.
Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.
