The correct answer is: " Supply and demand regulate business"
According to the central thesis of The Wealth of Nations, the key to social welfare lies in economic growth, which is enhanced through the division of labor and free competition. According to this thesis, the division of labor, in turn, deepens as the extension of the markets and therefore specialization expand. For his part, Adam Smith considers free competition as the most ideal means of economics, stating that the contradictions engendered by the laws of the market would be corrected by what he called the "invisible hand" of the system.
In The Wealth of Nations, Smith assumes, in general, that the demand is relatively fixed in the short and medium term (depending ultimately on the number of people), and that, consequently, it is only the offer that makes the price go up or down
Answer:
Living in Georgia was good because it was never cold. Oglethorpe planned to settle Georgia as a refuge for debtors in England. They wanted to use the settlers to search for gold, and explore local rivers in hopes of finding a way to the East.
Explanation:
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The effect of all people in China using the same coins and the same writing system was that the trade became much easier.
Answer: Option B
<u>Explanation:
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Communication is the soul of trade and commerce. The usage of a common writing system in China allowed traders and merchants from across the country to understand the nuances of trade and communicate with each other without much problem, no matter which part of the country the traders came from.
The ease of doing business dispensed by a common writing system allowed the contemporary markets to prosper and grow big enough to attract traders and merchants from all over the world.
Having a common system of coins acted like conventionally accepted currency and made day-to-day business much easier. The value of the coins being predetermined, no problems arose in their exchange of products and services.
<span>the environment sets limits on what is feasible but does not dictate a culture's choices.
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Answer:
D
Explanation:
They wanted to not make the country as strong as a dictatorship or a king/queen ruled country. So they made it super weak.
