supply and demand determines prices levels for goods and services in a market economy.
A market economy is characterized by the free entry and exit of firms, that is, it is an economic system based on competition. In this context, firms compete for the market through price practices. Consumers will buy from the firms that practice the lowest price and firms that charge a higher price will be eliminated by the competition.
When the market places a price where the supply of goods and services will equal the demand for goods and services, the economy will be in equilibrium.
The Government should play an active role in the economy
The economic activities are the task dedicated to exchange products, goods or services that meet the needs of the population. These activities allow the creation of wealth within cities and cover three periods, which are: production, distribution and consumption and three sectors whitch differentiate the division of labor, which are the primary sector, secondary sector and tertiary sector.
The primary sector is based on natural resorces, with the purpose of own consumption or commercialization. It represents agriculture, livestock, fishing...
The secondary sector transforms the raw material collected in the primary sector and tertiary sector distributes the products produced for human´s consumption.
If Jasmine wants to create her own primary resources, she can dedicate herself to livestock or fishing, also estalish agricultural crops or propagate plants through nurseries. The extraction of minerals is also a possible primary resource according to the possibilities of Jasmine.
Hope this answer helps.
The New England colonies were founded to escape religious persecution in England. The Middle colonies, like Delaware, New York, and New Jersey, were founded as trade centers, while Pennsylvania was founded as a safe haven for Quakers. i hope this answered ur questioned
Grazing animals contribute to the nutritional cycle
