The demand for the product would go down considering they would have to pay more for the product they wanted.
Boers are defined as "descendants of the Dutch-speaking settlers of the eastern Cape frontier in Southern Africa during the 18th century." This had a sort of influence over the British people who were also wanting to move to South Africa, and this caused some tensions between the two European presences in South Africa.
Answer:
The difference in economic system they implemented.
Explanation:
Here are three basic questions of economy:
- What To produce ?
- For whom we produce it ?
- how to produce it ?
Since United States adopted a free market system , the answers to all of these basic questions will be depended on the power of supply and demand that created by consumers and the producers.
North Korea on the other hand, implemented a Centralized economy. So, the answers to all of these basic question will be fully determined/decided by the government. The people have no power to influence them.
