Most nations operate in the capitalist system of production and consumption.
Since the end of the feudal system, the world underwent transformations that culminated in economic systems based on barter and mercantilism, which in turn allowed for the existence of industrial revolutions and which were the basis for the capitalist system of production as it is today.
In last century, Capitalism and communism competed for world hegemony until the end of the Cold War, when the bipolarized world gave way to what today times capitalist hegemony in most countries with a few countries in communist systems.
The marginal benefit is a measurement of the amount of satisfaction obtained from consuming an extra unit of a good or service. Satisfaction in consumer theories is called utility.
In order to perform the purchase, the benefit obtained has to be greater than the cost endured. This is the condition for the consumer to be better off after buying. Therefore, the marginal benefit equals the maximum amount of money that a person is willing to pay for a certain good or service.
Answer:
the polar jet stream brings down cold polar conditions from the north. Ocean surface currents circulate warm and cold ocean waters in convection patterns and influence the weather and climates of the landmasses nearby.The prevailing direction of the global winds in these large regions affects weather conditions.
Explanation:
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