The Middle Atlantic Colonies were called the "breadbasket colonies", because they had rich soil which made them a huge exporter for wheat and grain. They were also the most religious and ethnically diverse colonies. Alongside their big wheat and grain export, they also enjoyed big lumber and shipbuilding industries and had abundant forests which helped them in the textile and iron industry.
The economic growth rates gives information on how fast the economy is growing,and is calculated by comparing the economic output (measured as the Gross Domestic Product or GDP) of two subsequent periods.
<u>The two main determinants of GDP/economic growth are:</u>
- Productivity increases caused by more efficient use of inputs (labor, capital) and implementation of innovation.
- Accumulation of physical capital
<u>Effects of economic growth</u>
- Larger amount of goods and services are available in the country and ready for consumption
- High employments levels, as workers are necessary to manufacture that large quantity of goods and services. As GDP has grown, so have done employment figures.
- More employment brings boosts on aggregate demand and generate further growth as business will keep on trying to serve the whole demand.
- As demand grows it is quite likely that prices do so too, therefore economic growth would increase the inflation rate (not necessarily a problem if such growth is not too large and remains stable).
- Productivity increases and implementation of innovations make national firms more efficient and competitive in the international markets.
Answer: The consumer has more advantage than the seller
Explanation:
The seller depends on the consumer. If the consumer does not purchase then the seller doesn’t make a profit and vise versa. The consumer needs what the seller is offering because the may be essential life items. Hope this helped :)
The answer is 29. If you look at the triangle on top of it, with the obtuse angle being 122 you can see that that triangle and DEF are the same. And because the degrees of a triangle is always 180 you can subtract 122 from 180:
180
-122
That equals 58 and because there are two sides we need to divide 58 by 2:
58/2
this equals 29 so
z = 29
:)
Pro’s: It required complete agreement to make changes to it
Con’s: It took a long time for it to be fully implemented.