The statement that best explains how a free-market system has a circular flow of influences is that consumer decisions affect producers, and producer decisions affect consumers.

Explanation:

In a free-market, the needs and wants registered by the potential customer is considered as demand.
This demand, along with some other factors related to feasibility, governs the supply of products that come into the market.
The customers, in turn, have to choose from what the producer has offered.
Hence, the cycle of consumer and producer decisions affecting each other continues.

8 0

3 years ago

Compare and contrast colonial, economic, and socio-cultural imperialism. What do these terms mean? What do they have in common?

baherus [9]

Colonial: Colonialism is a type of policy where control by one power or nation over another country as well as dependent area. Generally, the aim is related to economic dominant of colonized country

Socio-cultural imperialism: Socio-cultural imperialism related to culture. They imposed their culture to non- dominance country through economically or politically.

Economic imperialism: A situation where dominating country has lots of economic power over non-dominance country or area.

Similarities: These all are affected non-dominance country. Colonialism and imperialism both means domination in political and economic over other country or area.

Difference: The major difference is colonialism means complete control over the other country but imperialism means formally or informally control over other country

7 0

3 years ago

Witch two metals led to the prosperity of the Kingdom of Ghana?

andrey2020 [161]

Why hello there

Iron and Gold.

is ur answer.

3 0

3 years ago