First was the Roman Republic, then came the Roman Empire. In the 4th century BCE, the Roman Republic turned to imperialism. After losing a significant battle with the Gauls, a Celtic people, the Romans concluded that in order to sustain safety, they would have to expand their territory so the frontiers would be a good distance from the capital, Rome. They successfully fought a series of wars with other Italian city-states as well as the Carthaginians, achieving their goal. Warfare gave excessive power to the military leaders, weakening the influence of the Senate and thus the democracy became undermined. That is how it was transformed to a vast empire.
If an important resource, such as oil, becomes unavailable, the production possibilities curve a. shift inwards.
"The production possibility frontier (PPF) is a curve on a graph that depicts the possible amount that can be produced or made of two products, if both are based upon the same limited resource for their creation. The Production Possibility Frontier is also termed as the production possibility curve. If it shifts inwards, it means the economy is shrinking due to a collapse in issuing resources and production capacity."
"The production possibility curve (PPC )is necessary because it helps in indicating the maximum possible production of items , in fixed resources. In macroeconomics, economists study and support a country or other organization's economic activity with its help."
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