Answer:
Goods that had once been painstakingly crafted by hand started to be produced in mass quantities by machines in factories, thanks to the introduction of new machines and techniques in textiles, iron making and other industries.
Explanation:
Answer:
Banks fulfil several key functions in the economy. They improve the allocation of scarce capital by extending credit to where it is most productive, as well as allowing households to plan their consumption over time through saving and borrowing (Allen and Gale 2000)
Explanation:
Answer:
In summary, the economic functions of a government include:
Protection of private property and maintaining law and order / national defence.
Raising taxes.
Providing public services not provided in a free market (e.g. health care, education, street lighting)
Limit market failure through the regulation of markets, e.g. regulations on environment/labour markets/monopoly.
Macroeconomic management, e.g. use of fiscal and monetary policy to control business cycle – recession and inflation.
Reducing inequality/poverty.
Explanation:
Answer: Islam was introduced into the West African region
Explanation:
Answer:
The lifting of the one-child rule worked at first. The number of newborns in 2016 was 17.9 million, a jump of more than 1 million from the year before. However, births dropped each year after that, to 14.6 million in 2019, the lowest since 1961
Explanation:
