he was following the belief and inspiration on John Locke
Answer:
Households and firms have four main interactions with each other, according to the circular flow of the economy.
Explanation:
Households sell or rent the factors of production to firms (labor and capital), and firms use these factors to produce goods and services which they in turn sell to households.
Firms pay households for these factors of production in the form of wages (to pay for labor), or rent and dividends (to pay for capital). Households in turn, spend money in the goods and services that the firms produce, which forms the consumer expenditure component of Gross Domestic Product.
Plato and Aristotle disagreed about the relative importance of Nature and Nurture.
<em>Plato</em> introduced the term nativism (<em>Nature</em>) as the idea that our thoughts, ideas and characteristics are inborn. In other words, we are believed to be born with these thoughts, ideas and characteristics, and that they are already in our genes.
On other hand, Aristotle introduced the idea to us of empiricism, or <em>Nurture</em>. He described this as, knowledge is gained through experience (senses). Our thoughts and ways are not because of our genetic make-up, but because of how we were raised and brought up by our parents and overall lifestyle.
i haven't experienced anything else related to christianity
The purpose of the International Monetary Fund and the World Bank is to promoted economic development. They do focus on macroeconomic issues.
Your answer is: A) To promote economic development
Have an amazing day and stay hopeful!
