Equity-efficiency tradeoff results when maximizing the productive efficiency of a market leads to a reduction in its equity—as in how equitably its wealth is distributed.
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⭐Supplies had to travel a long distance across water on ships that were often attacked, so they did not reach Europe...
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In 285 AD, Emperor Diocletian decided that the Roman Empire was too big to manage. He divided the Empire into two parts, the Eastern Roman Empire and the Western Roman Empire. The Western Empire was ruled by Rome, the Eastern Empire was ruled by Constantinople.
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<em><u>It caused people to question the role of government, which sparked the imagination of Enlightenment thinkers.</u></em>