Answer:
c. A Captive Market
Explanation:
A captive market can be defined as a type of market in which the consumers or potential customers are only able to buy (purchase) what is made available to them due to the limited number of competitive suppliers (wholesalers or suppliers) in the market.
This ultimately implies that, in a captive market, the choice of the consumers is very limited and as such they can only buy goods or services that are made available by the supplier. Therefore, a captive market is characterized by oligopoly or monopoly and as a result of this, the price of goods and services are generally higher with minimal choice for the consumers.
Hence, the economic relationship the American Colonies had with England is known as a captive market.
In the 16th century, the American Colonies was typically a captive market for Great Britain as a raw materials such as lumber, rice, fish, or tobacco in exchange for sugar and slaves.
Answer:
Potential
real GDP equals potential GDP when the economy is at full employment
Answer:
There are several reasons why the Sherman Antitrust Act was ineffective. One reason was there was little support for regulating businesses in the 1890s. The laws were generally pro-business and the attitude toward business and the economy was a laissez-faire one. The government generally tended to let businesses do as they pleased.
Explanation:
Answer:
Answer: D.Volunteer groups
Explanation:
Answer:
Nangangahulugan ang pagsasaka na hindi kailangang maglakbay ang mga tao upang makahanap ng pagkain. Sa halip, nagsimula silang manirahan sa mga nakatira na mga pamayanan, at nagtanim ng mga pananim o nagtataas ng mga hayop sa kalapit na lupain. Nagtayo sila ng mas malakas, mas permanenteng mga bahay at pinalibutan ng pader ang kanilang mga pamayanan upang maprotektahan ang kanilang sarili.
Explanation:)