The dutch republic
The dutch empire rose to prominence in the 17th century. It controlled numerous outposts and enclaves across the coastlines all the way to India through South Africa using the Portuguese model. They had particular influence in the cape town of south Africa.
The correct answer is B.
Business have a double role in economy. They are the manufacturers that produce goods and services to satisfy the needs of consumers therefore, as the graph attached shows, they participate both in the factor and product markets:
- On one side, they buy productive factors in the resource markets (land, labor and capital) and they pay for them (salaries, rents and interests respectively).
- On the other side, they produce goods and services to household in the product market, in exchange for a price. This revenue, after cost deduction, would suppose the profit they earn for the manufacturing activity.
C. figures aren't typically shown