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.
Answer:
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<span>Some colonies more suitable to plantation agriculture due to climate & location
like Brazil, Carolinas, Barbados, Jamaica
developed into slave-based agricultural plantation colonies</span>
Answer:
False
Explanation:
Eight (8) most populous countries in the word
1. China 1,439,323,776
2. India 1,380,004,385
3. United States 331,002,651
4. Indonesia 273,523,615
5. Pakistan 220,892,340
6. Brazil 212,559,417
7. Nigeria 206,139,589
8. Bangladesh 164,689,383
Total population of the 8 countries =4,228,135,156
Total world population= 7,794,798,739
Percentage of the 8 most populous countries= total population of the 8 most populous countries/ total world population × 100
=4,228,135,156/7,794,798,739×100
=0.54243031765 × 100
=54.243031765%
Approximately 54%