Answer:
Ancient Egypt was incredibly lucky, but it used that luck masterfully.
It was Herodotus who said:
“Egypt is the gift of the Nile",
Every year in Egypt, the Nile overflows and creates a rich valley of black soil that is abundantly fertile. This fertility was central to Egyptian civilization.
International trade is better for all countries because it creates a global market in which all countries can trade based on their individual abilities.
No country is able nor it has the resources necessary to produce all the needed goods on its own. In order to do so, natural resources, labor market and manufactures would have to be working perfectly all the time.
Most countries share their trading business with others, exchanging material, labor force or the already produced goods. This way, each country does what it knows it does best and the poorer, not so developed nations are taken into consideration as well. This creates an international cooperation of nations that support each other in difficult times and provides for stability in the world's economy, enhancing fair competition, free labor movement and fair prices.
High demand for it thus it produced high profit
There are two countries that border the United States: Mexico and Canada.
To the <u>north</u> lies the Canada-United States border, and to the <u>south</u> lies the Mexico-United States border.
<em>Hope this helps :)</em>
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Answer: Regulators promote the interests of the firms they regulate.
Explanation: Capture theory of regulation asserts that regulators promote the interest of the firms they regulate. The result is that an agency that are charged with acting in the public interest, instead acts in ways that benefit the industry it is supposed to be regulating. Capture theory of regulation is a theory that explains agency established to regulate an industry for the benefit of society acts in the opposite to promote the benefit of the industry.
Regulatory capture is an economic theory which asserts that regulatory agencies may come to be dominated by the industries or interests they are charged with regulating. The captured agency begins to advance the interests of the industry rather than protecting the consumers. Problems arise when a regulating agency acts in the interests of regulated industry to the detriment of the general public.
