Trade is of great importance due to its role in economy of a country or city states.
<h3>What is the importance of trade?</h3>
Trade was important to the success of one of these cities because trade betters the economic condition of the renaissance city states and we know that good economic condition is very important for the growth and development of a country.
So we can conclude that trade is of great importance due to its role in economy of a country or city states.
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False; The articles did not establish nor have a strong executive branch and they greatly circumscribed the role of courts.
Job specialization is a strong historical feature of the Industrial Revolution. It happened during the early days of what we came to know as capitalism and gave birth to a society divided into social classes (C).
The Industrial Revolution radically changed the organization of labor the world knew so far. Inventions like the steam engine, leading to the steamboat and the steam locomotive, made the production process much faster, increased it to levels never seen before and reshaped society. This new accelerated production required different types and rhythms of work which created the proletariat and turned the bourgeoisie, a group who had been a few centuries in the making since Renaissance, into one of the most prominent of the society. From then on society would be defined by its class division.
<span>an increase in consumer spending
</span>Inflation is an economic process where aggregate demand exceeds aggregate supply, thus if an increase in consumer spending is on its way, this could help deter<span> (slow down) inflation, as the aggregate demand decrease and become in balance with aggregate supply. Inflation is an important indicator of the stability and the economic power of a country.</span>
