Mikhail Gorbachev's reformist policies in the Soviet Union fuelled opposition movements to the Communist regimes in the Soviet bloc countries. The structures of the Eastern bloc disintegrated with the dissolution of the Warsaw Pact and Comecon. The Soviet Union broke up into independent republics.
The economic growth rates gives information on how fast the economy is growing,and is calculated by comparing the economic output (measured as the Gross Domestic Product or GDP) of two subsequent periods.
<u>The two main determinants of GDP/economic growth are:</u>
- Productivity increases caused by more efficient use of inputs (labor, capital) and implementation of innovation.
- Accumulation of physical capital
<u>Effects of economic growth</u>
- Larger amount of goods and services are available in the country and ready for consumption
- High employments levels, as workers are necessary to manufacture that large quantity of goods and services. As GDP has grown, so have done employment figures.
- More employment brings boosts on aggregate demand and generate further growth as business will keep on trying to serve the whole demand.
- As demand grows it is quite likely that prices do so too, therefore economic growth would increase the inflation rate (not necessarily a problem if such growth is not too large and remains stable).
- Productivity increases and implementation of innovations make national firms more efficient and competitive in the international markets.
1. Peisistratus: swept in and took control to prevent anarchy, was a despot.
2. Cleisthenes: given dictatorial power in an effort to make peace among all citizens.
3. Solon: advanced democracy, reformed the Assembly.
Answer:
Arguement 1
Explanation:
Becasue there is more detail in it, and it is more understandable when reading.
