The correct answer to this open question is the following.
The impact of the commercial revolution (16th century ) in Western Europe was the following.
The commercial revolution's impact was that it generated a big competence between European countries in trade. The rules of trade and commerce dramatically changed due to the Columbian exchange and all the goods, raw materials, and natural resources were affected due to this competence between European nations, supply, and demand.
The commercial revolution also saw the beginning of financial institutions and the surge of banking institutions that coined money and made loans.
Answer: Administrative lag
Explanation:
Administrative lag is defined as the lag of time that occurs between any issue identification and measure take to handle and correct the problem by finding solution.
In terms of economic field, the time required to recognize and realize the change in tax and the time to enact on those modification. This time gap is known as administrative lag.
It's a fact cuz you can show proof that some people follow this system in their daily life
Fall of the Communist idoelogy
