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The defeat and destruction of the Spanish Armada in 1588 is seen by many as the high point of Elizabeth I’s of England’s reign. If the Armada had been successful, it could have changed the course of English and world history. The defeat of the Armada had profound consequences for England. The first consequence of the English victory was that it secured its independence. With defeat of the Armada, England become a serious European naval power.
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Economics is the study of scarcity and its implications for the use of resources, production of goods and services, growth of production and welfare over time, and a great variety of other complex issues of vital concern to society.hope this helps
Well, people started specializing in things and if they couldn't get something because they didn't know how to make it, they would trade for it. Fast forward 8000 years, companies like Coca Cola make coke and fanta and others can't make it because they're specialized for it. They trade for it with the entire world and other companies make things that Coca Cola owners buy.
