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An economy is a system of making and trading things of value. It is usually divided into goods (physical things) and services (things done by people). It assumes there is medium of exchange, which in the modern world is a system of finance. This makes trade possible. Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. ... Indeed, economics is an important subject because of the fact of scarcity and the desire for efficiency.
Explanation:
Examples: The traditional economy that encompasses the customs and history of a nation to guide production and distribution of goods. Traditional economies are mostly based on agriculture, fishing, and hunting.
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Guns and gun powder
during this time the natives in America were still using spars and arrows, with those weapons they practically stood no chance against the Europeans.
This statement is true. He was a single child and was sickly most of his childhood and he learned to read only when he was eight, which was odd considering that he was already writing stories at the time, that is, he didn't write them himself but rather dictated stories to his Mother or his Nurse who would write it down for him before he learned to do it himself.
The main difference was Monotheism. Judaism, unlike other earlier religions from the Middle East, worshiped one god. In ancient times, when Judaism arose, the prevailing religions in the region were Assyro-Babylonian religion and the Canaanite religions, that used to worship many gods and, in some cases, were more consistent in worshiping one particular god above others.
Other concepts totally new in South East Asia that Judaism brought was the idea of being a chosen people by God and the Messianism, this is the concept of a divine message sent to the people of God through messengers or prophets.
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Puerto Rico, the Philippines
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