Feudal society<span> is a military hierarchy in which a ruler or lord offers mounted fighters a unit of land to control in exchange for a military service. The individual who accepted this land became the holder of the land, and the man who granted the land become known as his lord.
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The economic growth rates gives information on how fast the economy is growing,and is calculated by comparing the economic output (measured as the Gross Domestic Product or GDP) of two subsequent periods.
<u>The two main determinants of GDP/economic growth are:</u>
- Productivity increases caused by more efficient use of inputs (labor, capital) and implementation of innovation.
- Accumulation of physical capital
<u>Effects of economic growth</u>
- Larger amount of goods and services are available in the country and ready for consumption
- High employments levels, as workers are necessary to manufacture that large quantity of goods and services. As GDP has grown, so have done employment figures.
- More employment brings boosts on aggregate demand and generate further growth as business will keep on trying to serve the whole demand.
- As demand grows it is quite likely that prices do so too, therefore economic growth would increase the inflation rate (not necessarily a problem if such growth is not too large and remains stable).
- Productivity increases and implementation of innovations make national firms more efficient and competitive in the international markets.
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Answer:
During World War I, Germany's overall military strategy best describes as: (A) It planned to rapidly conquer France, then send its troops east toward Russia. The Schlieffen Plan contains the design to quickly attack France through Belgium. The Germans advanced and converge in Paris. They were very successful, particularly in the Battle of the Frontiers. Then, they went east toward Russia.
Explanation:
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