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Success in international trade created Britain's high wage, cheap energy economy, and it was the spring board for the Industrial Revolution. High wages and cheap energy created a demand for technology that substituted capital and energy for labour. These incentives operated in many industries.
The grinding away of rock by other rock particles carried by water ice or wind is called abrasion.
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Economic freedom is basically like the people in the economy and the political freedom is the government. The political freedom affects the economic freedom because there is no economics without politics.
Explanation:
Answer:
Pope John Paul admitted that the Church's treatment of Galileo's was wrong. He said the church used the knowledge it had at the time and misinterpreted it had transformed a scientific issue into an issue of faith.
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La oferta y la demanda constituyen la principal forma de organizar la interacción de los mercados, por medio de las cuales se intercambian bienes y servicios a un precio que es determinado por la puja entre oferentes y demandantes, es decir, el precio del bien o servicio es determinado por la interacción entre la cantidad ofertada de dicho bien y la cantidad demandada del mismo por parte del mercado.
Entonces, la oferta y la demanda permiten que el precio del bien o servicio fluctúe según las necesidades del mercado, evitando así que se cometan arbitrariedades en el proceso de determinación de precios.
