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zepelin [54]
3 years ago
5

The ____________ class was a new and important resource in the patronage of the arts during the renaissance.

History
1 answer:
PolarNik [594]3 years ago
7 0
<span>The merchant class emerged during the Renaissance. This is when rich merchant families emerged as sponsors, or patrons, of individuals who were potentially talented in philosophy, science, art or literature. This became a very prominent practice during the 15th century in the country of Italy</span>
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Vikki [24]

Answer:

<h3>Comparative advantage is the ability of producing at a lower cost.</h3>

Explanation:

  • The article states that comparative advantage is the ability of producing goods and services at a lower cost than any other producers. The producer does not necessarily have to the best producer of a particular good or service but as long it meets the demand, it has an advantage.
  • The costs that is incurred while producing a good or service is the opportunity cost. Comparative advantage is related to opportunity costs as it helps the producer to find comparative advantage.
  • For instance, when you can find someone who is unskilled yet has comparative advantage over producing a good or service, then it helps you to produce at a lower costs. You don't need to hire a professional as long as someone can perform the task in a comparative manner.
  • This principle can be seen on why Americans have exported customer service operations to India. Though English-language skills of the workers are seemingly low, they can still perform their tasks and thus, meet the demands of the market. This is because the workers from India have comparative advantage and the cost incurred on them are lower than American workers.
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