The three outcomes of the Council of Trent includes:
church gives Catholic sacraments the same significance as the Bible.
church sets rules for establishing seminaries dedicated to teaching Catholic thought
church states that faith and good works are required for salvation.
The Council of Trent means the formal response of Roman Catholic to the doctrinal challenges of the Protestant Reformation.
Hence, the outcomes of the Council of Trent includes church giving Catholic sacraments the same significance as the Bible., setting rules for establishing seminaries dedicated to teaching Catholic thought and stating that faith and good works are required for salvation.
In a market economy households provide resources and labor and purchase goods and services while firms provide goods and services and purchase resources and labor. You can view the relationship between households and firms as a "circular flow"
