The roles of consumer in allocating resources is that they serve as the driver of demand for goods. Producers provide the supply of goods. Therefore, it is the relationship between both the producers and consumers or supply and demand which helps to determine the allocation of resources and also the prices of goods and services.
Answer:
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Explanation:
Before New York was possessed by the English, it was controlled by the Dutch. Under Dutch rule, this territory was actually called New Amsterdam.
Dutch Governor Peter Stuyvesant abdicates New Amsterdam, the capital of New Netherland, to an English naval squadron under Colonel Richard Nicolls. Dutch Stuyvesant hoped to resist English, but then he lacked manpower and his subordinates refused to support him. Following its acquisition, New Amsterdam’s name was changed to New York<span>, in honor of the Duke of York, who organized the mission.</span>