<span>The economies of Georgia and South Carolina boomed in the 1790's as a result of the manufacture of cotton. With the cotton gin invented by Eli Whitney US production of cotton soared and the majority of that production was in Georgia and South Carolina, improving the economies of both states as a result.</span>
Answer:
In the year of the world, and Jews
Explanation:
Answer:
False
Explanation:
The global economies that can exist in a country are divided into three:
a. Pure market ( free market economy
b. Command economy
c. Mixed economy which consists of both the pure market and command economy).
The pure market( free market ) economy is also referred to as the economy that has capitalism present in it.
Pure market economy is the economy practised by a country whereby owners of businesses can make their own decisions independent of the government. The government has no influence on the running of the firms or the value been placed in the products the firm produces. In a pure market economy, goods and services are exchanged voluntarily. Buying and Selling of goods and services are carried out in a competitive markets.
The raw materials or resources needed, are given to firms with high prices and a high production capacity that meets the needs of the country.
Pure market economy is not regulated by the government and it occurs in Democratic governments.
Not all global economies practise the pure market economy. An example of a country or global economy that practises the pure market economy is the United States of America.
The large qualities of silver and gold from the new world during the 1500s affected the economy of the western
Congress voting to take an act of impeachment upon a judicial judge
