In a capitalist society the prices of goods, services and labour are determined by supply and demand. If a lot of people want to buy a certain product its price will go up. Products that are mass produced usually have low prices. Another important feature of capitalism is competition.
Answer:
high tariffs, against slavery = north
low tariffs, for slavery, western expansion of slavery =south
cheap public land = west
govt. built roads = east
Explanation:
Based on historical perspective, how the expansion of European commerce between 1648 and 1815 represents continuity from the previous period include "<u>conquered lands to accommodate the growing populations</u>."
The previous period before 1648 to 1815, can be considered to be around 1500 to 1648.
This period was characterized by the growing populations of Europe, the discovery of nearby lands, improvement in trading activities among the European countries, and the accumulation of wealth, among others.
Thus, from 1648 to 1815, Europe tried to expand its trading activities and diversify its population by moving towards the west to get more gold and land resources.
This leads to the formation of imperialism of Europe in America between 1648 to, 1815 thereby continuing their previous expansion.
Hence, in this case, it is concluded that the expansion of European commerce between 1648 and 1815 represents continuity from the previous period in many ways.
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