Answer:
Puritanism, a religious reform movement in the late 16th and 17th centuries that sought to “purify” the Church of England of remnants of the Roman Catholic “popery” that the Puritans claimed had been retained after the religious settlement reached early in the reign of Queen Elizabeth I. Puritans became noted in the 17th century for a spirit of moral and religious earnestness that informed their whole way of life, and they sought through church reform to make their lifestyle the pattern for the whole nation. Their efforts to transform the nation contributed both to civil war in England and to the founding of colonies in America as working models of the Puritan way of life.
To make a long story short, It's a religion made in the 16th to 17th centuries.
P.S can i get a brainly :)
Answer:
It increased it's population
Explanation:
Answer:
Prices are often volatile due to inelastic demand. e.g if there is a ‘good harvest’, supply will increase and there will be a fall in the price of primary products. However, because demand is inelastic, this would lead to a fall in revenue.
coffee-supply-price-growers
The volatile price of coffee – can make planning difficult.
Supply can also be volatile due to weather and disease. For agricultural crops, there is always a risk of crop failure, which could cause economic hardship in one particular year.
Limited resources. One day developing economies may run out of its finite primary products, e.g. precious metals could become scarce. Without diversification, this would leave the economy with a void.
Discourages investment in other aspects of the economy. Concentrating on primary products does not always help the long-term development of an economy because it can contribute towards a lack of investment in other aspects such as education and industrial production. Comparative advantage can change over time. It’s important to not just look at the present comparative advantage, but prospects for next 10 or 20 years.
There is a low-income elasticity of demand for primary products. With a rise in global income, there is a proportionately smaller percentage rise in demand for primary products. (agricultural products tend to be income inelastic). Therefore, if you produce primary products, you may see lower rates of economic growth than countries who produce manufacturing goods – which are more income elastic. The Prebisch-Singer hypothesis suggests that countries who concentrate on primary products are vulnerable to a declining terms of trade.
There are 5 points
Hope it helps!!!
Answer:
WTO is an intergovernmental organisation ; NAFTA is a 'free trade area' ; EU is an 'Economic Union'
Explanation:
The North American Free Trade Agreement (NAFTA) , European Union (EU) are economies at different level of Economic Integration.
World Trade Organisation is an international intergovernmental organisation, for regulating International Trade - of goods , services , intellectual rights. it also provides framework for trade agreements & dispute settlement. It has 165 member countries,
NAFTA is a 'free trade agreement' between 3 countries : US, Mexico, Canada; which is the lowest form of economic integration - including barrier free trade between the member countries.
EU is an 'Economic Union' between many European countries ; which is the second highest form of economic integration - including barrier free trade, common external tariffs, free labour & capital movement, common monetary & fiscal policy.
