Answer: Adam Smith described the opposing, but complementary forces of self-interest and competition as the invisible hand. While producers and consumers are not acting with the intent of serving the needs of others or society, they do. Smith argued against mercantilism and was a major proponent of laissez-faire economic policies. In his first book, "The Theory of Moral Sentiments," Smith proposed the idea of an invisible hand—the tendency of free markets to regulate themselves by means of competition, supply and demand, and self-interest. 1
Explanation:
The science or practice of farming, including cultivation of the soil for the growing of crops and the rearing of animals to provide food, wool, and other products.
synonyms: farming, cultivation, tillage, tilling,
It all depends on the definition of the term Modern Era. The word modern comes from Latin word modo, which means right now or just now. It was used for the first time during the Renaissance in Italy to bring attention to the great rediscoveries of sciences, the arts, history and politics of Classical antiquity and the subsequent discoveries and progresses accomplished like the Age of Discovery.
If such definition is used as the basis for this question then the answer is definitely C.The establishment of global empires.
Indeed, since during the previous periods, Empires were limited to their immediate geographic areas. There had been some attempts to explore areas that were located much farther like the Vikings and their travels to Greenland and North America.
However, it was the Europeans: and to some lesser extent the Chinese, that actually discovered (in the literal sense of removing the cover) the Americas for the entirety of the world. The discovery paved the way for the emergence of Global Empires that were completely unprecedented in the history of humanity since they spanned several continents. For instance, the Global Spanish Empire Under Philip II of Spain in the 16th Century that spanned the continents of Europe, the Americas, Africa and Asia.
A <u>D. market basket</u> contains thousands of specific items that represent what average urban households purchase month after month.
In economy, this economic market basket's items refers to goods and services purchased. It is used to track price changes over time and determine inflation levels, to help measure the cost of living of a giving group of people and help predict consumer purchase trends.
Some examples of the categories of items found there are food, beverages, housing, apparel, transportation, medical care, and education.
