<span>Spain forbade American trade in New Orleans
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Answer:
Entrepreneurs independently choose the field of activity, suppliers, contractors, markets. They have the right to engage in pricing, implement their long-term plans, as well as freely dispose of their property and income. The consumer in such a system is also independent. He is guided only by his needs and understanding of the marginal utility of the good. A market economy tends to self-regulate through a market mechanism. The gradual establishment of a balance of supply and demand contributes to the formation of equilibrium prices within which industries operate.
The internal rivalry of companies has a positive impact on the economic system of the country as a whole. Competition contributes to the expansion of production, its automation, optimization, implementation of innovative technologies and approaches to creating economic benefits. It encourages manufacturers to create exactly those goods and services that consumers need. Market self-regulation takes place through competition. The gradual establishment of the equilibrium of the system leads to a natural reduction in the cost of production, which in turn increases the wealth of the population and its degree of satisfaction with respect to the goods offered by the market.
Explanation:
Answer:
I think this is the Answer (among people who had already settled in an area rich with hunting and gathering resources, where they began to establish private property rights. When wild plants or animals became less plentiful, they argue, people chose to begin farming instead of moving on.)
Answer:
I think the answer is because it is an easier way to bring goods back and forth between states, making trades and transportation less of a struggle.
Explanation:
Knowledge
