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Edward VI (1547–53): Henry was succeeded by his nine-year-old son, Edward VI, but real power passed to his brother-in-law, Edward Seymour, earl of Hertford, who became duke of Somerset and lord protector shortly after the new reign began. Somerset ruled in loco parentis; the divinity of the crown resided in the boy king
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to make our society peaceful
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Exploitation of labour is the act of using power to systematically extract more value from ... In other terms, this entails the worker being able to maintain living conditions sufficient to be able to continue work. ... The primary concept is that there is exploitation towards a factor of production, if it receives less than its marginal ...
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are there answers provided or what?
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Aggregate demand is just the sum total of four components such as consumption, investment, government spending, and lastly net exports. Government spending and taxes are determined by political considerations with which imports and exports changes according to relative growth rates and prices between two economies. while Aggregate supply is just the total amount of goods and services that firms are willing to sell at a given price in an economy. The aggregate demand is the total amounts of goods and services that will be purchased at all possible price levels in an economies
Boosting aggregate demand also boosts the size of the economy regarding measured GDP. However, this does not prove that an increase in aggregate demand creates economic growth while for Aggregate supply is the total quantity of output firms will produce and sell, that is to, the real GDP.
The aggregate supply curve slopes up because when the price level for outputs increases while the price level of inputs remains fixed, the opportunity for additional profits encourages more production.
