Answer:
In economics, a free market is a system in which the prices for goods and services are self-regulated by buyers and sellers negotiating in an open market. In a free market, the laws and forces of supply and demand are free from any intervention by a government or other authority, and from all forms of economic privilege, monopolies and artificial scarcities. Proponents of the concept of free market contrast it with a regulated market in which a government intervenes in supply and demand through various methods such as tariffs used to restrict trade and to protect the local economy. In an idealized free-market economy, also called a liberal market economy, prices for goods and services are set freely by the forces of supply and demand and are allowed to reach their point of equilibrium without intervention by government policy.
Explanation:
Answer:
Based on this fact, I have recognized the most sensible conclusione about roman trade during augustus’s reigh which is being shown in the option : traders were hesitant to buy and sell grains because of war. During this war Sextus Pompeius set control over the sea which means he made an obstacle for trade.
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The southern colonies (and the colonies in the Caribbeans) required slave labor and indentured servants to maintain plantations that grew valuable crops such as sugar canes and tobacco. Harvesting these crops were often labor intensive that many free workers were unwilling to do without high wages that plantation owners did not wish to pay. These crops could only be grown in the south (or the Caribbean) due to the soil and climate.
