Answer:
has a cumulative balance of payment surplus.
Supply & Demand. More crops mean more job opportunities. More job opportunities & food mean more people. More people means more money. Economic growth.
Answer:
The historians doubt Marco Polo's veracity of venturing into deep of China and Mongol as his accounts leave certain main descriptions such as the Great Wall of China, tea drinking, binding of women's feet, etc.
Explanation:
Marco Polo was an adventurer of the 13th century, who believed to have ventured across Asia. The accounts of his adventure to Asia is written in his travelogue which is published under the title 'The Travels of Marco Polo.'
Marco Polo ventured into the land of China through a route which later came to be known as Silk Route. Some historians like Frances Wood, questioned reliablity of Marco Polo's venture into China on the account of missing descriptions about China.
They argued, that, if Marco Polo did really explored into deep of China and Mongol region then how did he not mention about the Great Wall of China. And the most baleful practice of binding of women's feet. And the tradition of drinking tea.
Answer:
Economic reforms in China leading to increased foreign investment contributed to the rise of globalization since the 1980s.
Although the two economic systems are based on the law of supply and demand, these systems are different. Capitalism is an economic system based on ownership of the factors of production. ... On the other hand, a private owner in a capitalist system can have a monopoly on the market and prevent free competition.
