International trade enables specialization, which brings increased efficiency and greater competition to spur the market.
This happens because Specialization would make each nation to focus on producing certain type of products in which they would gain a competitive advantage towards other (either because they had the necessary materials sources or labor qualities) and would create better and cheaper product in the market.
B. composed The Faerie Queene, an epic poem about knights or virtues
Answer:
The First Battle of Bull Run, also known as the Battle of Manassas, marked the first major land battle of the American Civil War. On July 21, 1861, Union and Confederate armies clashed near Manassas Junction, Virginia
<u>Answer</u>:
Capitalism is A) an economic system which allows individual to own and operate private businesses.
<u>Explanation</u>:
The term Capitalism refers to an economic system that encourages private ownership. Private ownership means that the resources are owned by an individual or private company. A country is said to be capitalist if its trade, industry along with profits are managed by the private companies.
In other words, individuals are authorized to own and run private enterprises. Capitalism is one of the earliest types of economic systems of the world and is embraced by various countries like the United States, Canada, Germany, United Kingdom, Japan, etc.
Hence, option A is right, Capitalism permits people to own and run private enterprises.
