Answer:
Comparative advantage
Explanation:
A comparative advantage is when one country can make a good more inexpensively and efficiently in comparison to another country. Comparative advantages plays a significant role in the American and world economy. This is due to the fact that countries decide to trade and interact with each other based on these comparative advantages. This ensures that countries are using their resources wisely.
Adam smith said that the free market economy is regulated by : C. Self interest and competition
In free market economy, all economic activities that happen purely based on the the amount of supply and demand. Self interest such as what products you desire, how much price you can afford it will affect the amount of demand, and competition between sellers will affect the price and the amount of supply
hope this helps
Answer:
issuing a license, and regulating intrastate commerce
yw :))
Explanation:
They were promised quick change and food
By trading both the british and the french; they came under great pressure of the british and then gave the british certain trading rights
