Answer:
<em>The ability of an individual or group to carry out a particular economic activity more efficiently than another individual or group. </em>
Explanation:
Or, an economy can produce a greater total of goods for the same quantity of inputs.
(Absolute advantage means that fewer resources are needed to produce the same amount of goods and there will be lower costs than other economies.)
Answer:
Market economies are the most efficient economic systems
Explanation:
this is because they have little government intervention, allowing private ownership to determine all buisness decisions based on market factors.
Well-known and a good character
Answer:
changed
Explanation:
Originally, the European led by Christopher Columbus wanted to go to Asia via westward routes in order to trade in silks and spices. However, following their realization that, America is not Asia, their motives CHANGED from trading to exploitation, exploration, and colonization of the land. Instead of trading, they wanted to establish a colony and claim the territory.
Hence, in this situation, the correct answer is that their motives CHANGED
Answer:
Explanation:
Wood engraving by Gustave Dore (1832-1883) taken from 'London: a Pilgrimage', published by Grant & Co in 1872. Behind the group of exhausted-looking workers in the foreground, others can be seen stoking the fires beneath the gas retorts, sealed vessels where, at high temperatures, the coal was broken down into tar, coke and gas. From the 19th century, manufactured gas was made by the distillation of coal, predominantly for use in lighting. In 1869, the writer Blanchard Jerrold suggested a collaboration with Dore on a comprehensive portrait of London. Entitled 'London: a Pilgrimage', the book contained 180 engravings and although a commercial success, there were criticisms that Dore had concentrated on the poverty of the city.
