Answer:
Inflation occurs when the price of goods and services rise, while deflation occurs when those prices decrease. The balance betweenthe two economic conditions, opposites of the same coin, is delicate, and an economy can quickly swing from one condition to the other
When prices rise for energy, food, commodities, and other goods and services, the entire economy is affected. Rising prices, known as inflation, impact the cost of living, the cost of doing business, borrowing money, mortgages, corporate and government bond yields, and every other facet of the economy.
Explanation:
i got it right hope this helps!
The correct answer is: "variable loan can increase dramatically
".
The fixed rate is slightly higher but it is safer in the sense that ensures an stable interest rate throughout the whole loan period.
On the other hand, variable rates are subject to market movements. It could be the case that a sudden and large increase on interest rates in the international markets, directly affects your repayment schedule increasing abruptly the interest amount to be repaid at each instalment.
Answer: A, people of different faiths lived there
Explanation: I took the test!
Answer:
The Communal economic system is defined as the cooperation and sharing of production, distribution, and consumption of goods and services involved.
Reasons for the disintegration of communal economic system are as following:
- <u>Free market economy -</u> it depends on exchange society which includes family partership and are not able to survive in urban-life.
- <u>Social cohesion -</u> They make a difference between
communal economy and market economy as it supports the competition of statutes of an exchange society.
- <u>Government </u>- poor decision of government can affect production decisions and can disintegrate communal economic system.
Hence, about factor affect the communal economic system.
It was in Salem, New Jersey in 1675. Hope this helps :)
