Adam smith’s principles of economics were modified in 1803 by Jean-Baptiste Say, a French businessman, who wrote a treatise on political economy.
<h3 /><h3>What is economics?</h3>
The investigation of shortage and how it influences resource utilization, service and product productivity, income changes, and wellbeing through time is called Economics.
There are mainly three types of economic system which includes capitalism, socialism, and mixed economic system depending on various countries.
Jean-Baptiste Say, a French entrepreneur who published a book on politics and economics, modified Adam Smith's economic principles, which include the laws of self-interest, competitiveness, and both supply and demand, in 1803.
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The strategy that ensures that some products will be doing well if other are competing poorly is the Risk diversification strategy.
Basically, term "Diversification" aims to mitigate risk or maximize returns by allocating investment funds different categories.
In a firm, Risk diversification strategy involves strategy of producing variety or categories of product to ensures that its has way of competing in the industry.
Therefore, the strategy helps in a situation whereby if one product fails in the market, some other product from same firm will still be competing in the industry.
In conclusion, the answer is risk diversification strategy because its ensures other product will compete if other fails.
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Answer:
America's role in foreign
The industrial growth
Population growth
Explanation:
The country built up its military strength and became a world power.
Answer:
A primary consumer
Explanation:
A food web comprises of different food chains being merged. It is a representation of the feeding relationships which living beings have with others. It represents a community where food energy is transferred from one source to another. The source of food energy in plants. They are the producers. Te food energy gets transferred from the producers to the herbivores to carnivores.
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