Answer:
Entrepreneurs independently choose the field of activity, suppliers, contractors, markets. They have the right to engage in pricing, implement their long-term plans, as well as freely dispose of their property and income. The consumer in such a system is also independent. He is guided only by his needs and understanding of the marginal utility of the good. A market economy tends to self-regulate through a market mechanism. The gradual establishment of a balance of supply and demand contributes to the formation of equilibrium prices within which industries operate.
The internal rivalry of companies has a positive impact on the economic system of the country as a whole. Competition contributes to the expansion of production, its automation, optimization, implementation of innovative technologies and approaches to creating economic benefits. It encourages manufacturers to create exactly those goods and services that consumers need. Market self-regulation takes place through competition. The gradual establishment of the equilibrium of the system leads to a natural reduction in the cost of production, which in turn increases the wealth of the population and its degree of satisfaction with respect to the goods offered by the market.
Explanation:
In 1917, Germany, determined to win its war of attrition against the Allies, announced the resumption of unrestricted warfare in war-zone waters. Three days later, the United States broke diplomatic relations with Germany, and just hours after that the American liner Housatonic was sunk by a German U-boat.
Explanation:
<em>What happens when money supply increases?</em>
The increase in the money supply will lead to an increase in consumer spending. This increase will shift the AD curve to the right. Increased money supply causes reduction in interest rates and further spending and therefore an increase in AD.money is a means of payment for goods and services. It serves as a medium of exchange.
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Continued into the 2010s duhhh
The importance of spreading the faith was to save Indians from heathenism and prevent them from falling under the sway of Protestantism. Enslaving the Indians was justified as a means of liberating them from their own backwardness and savagery and enabling them to become part of christian civilization.