Answer:Deflation is when the general price levels in a country are falling—as opposed to inflation when prices rise.
If deflation occurs, people choose to hold on to savings instead of spending it today, since prices will be lower tomorrow—even lower next week, and even lower in a month.
As a result, a vicious cycle can ensue that drags an economy into recession or depression as economic activity grinds to a halt.
Explanation:
<span>just how much the royalty spent and how the peasants couldn't even buy their bread because how the prices were going up with the seven year war. also the taxes on them.</span>
<span>The two ways are: the free enterprise system can yield negative effects when they lessen competition and look after incompetent competitors. Additionally, outcomes are infuriating when over head costs of legal intervention are bigger than the benefits for the consumers.</span>
Capitalism; is an economic system where the factors of production are privately owned.
Industrialization; is the development of industries in a country or region on a wide scale.
Mechanization; is the process of changing from working or exclusively by hand or with animals to doing that work with machinery.
The answer is C. Division of Labor; is the process of separating the tasks in the process of production and assigning different tasks to different workers.
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