Cool! Good to know. Well, have a wonderful day!
Answer:
c) try to find new trade routes to Africa and Asia
Explanation:
Finding new trade routes to Africa and Asia is a good way to gain a competitive advantage over other European, rival states. This in fact what Portugal first, and later Spain, did during the later years of the 1400s.
The motivation was that the Ottoman Empire controlled the Eastern Mediterranean, and this prevented Western European nations from trading with East Asia and the Middle East with ease.
Portugal opted to look for new routes around Africa, and the Indian Ocean, while Spain decided to look for a new route throught the west, which led to the arrival of Columbus in the Americas in 1492.
<u>Original Question</u>: A government is laissez-faire when it?
<u>Answer: does not interfere with business affairs and does not regulate its actions</u>
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<em>Explanation: Laissez-faire is an economic term that economists use when describing an unregulated market</em>
<em>An unregulated market in being the fact that the government doesn't involve us in the business world.</em>
<em>Its benefit is that allows for substantial growth in the industry as businesses are not bound by rules and regulations could increase the cost and decrease their efficiency.</em>
<em>However it is unbeneficial when businesses began to set up 'monoplies' and 'set inadequate working standards' that harm other businesses and workers. That is when the government would step in to regulate the market and break the laissez-faire terms on how to run a market.</em>
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Hope that helps!
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What subject is this for just wondering
