I disagree with the statement: "Economic decisions are more likely to benefit consumers in a free enterprise economy than in a command economy" because the activity that goes on in the "market economy" in unplanned, and unorganized by any central authority but only certified by the "goods" that it involves, on the other hand, a "command economy" is organized by the government officials. China, North Korea, and Soviet Union are all examples of command economies.
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The Columbian exchange is a term to refer to the exchange that occurred between the New World and the Old World (Asia, Africa, and Europe) between the XV and XVI centuries in which they were transferred:
- Agricultural products
- Animals
- Technological advances
- Diseases
- Slaves of African origin
This exchange included the arrival of diseases, slaves from Africa, seeds of external plants, animals, and tools and gadgets for various purposes to the New World from the Old World. On the other hand, the Europeans took from America natural resources and precious metals such as gold and silver for their territory.
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