<u>Answer:</u>
In ancient Rome, its citizens were divided into two classes, Patricians and Peasants.
<u>Explanation:</u>
- Patricians consisted of upper-class wealthy people whereas peasants consisted of all the remaining citizens.
- though patricians were small number of people they 'held all the power'. All remaining citizens were considered peasants which consisted labors, farmers, soldiers etc.
- Patricians held all the government as well as religious positions in Rome.
- To be a part of patrician class you had to be born a patrician. Generally, patricians and peasants did not coalesce socially.
Answer: Elected representatives
Explanation:
Representative democracy, also known as indirect democracy, is a type of democracy where elected persons represent a group of people, in contrast to direct democracy.
Answer:
Market: Means by which individuals interact to buy or to sell; mechanism that coordinates the independent intentions of buyers and sellers.
Before we can go on, it is important to understand what economic actors are interacting in these markets and their relationships to one another.
Four (broadly defined) economic actors are:
1. Households
2. Firms
3. Governments
4. "The Rest of the World"
Explanation:
