The economic principle that was most dominant was that of mercantilism. It was an economic theory where it was believed that in order to become the strongest nation, a country has to have production at highest possible levels, all so as to prevent others from exporting into the country that is producing.
Answer:
<u>agency</u>
Explanation:
<u>Agency </u>is referred to as an individual's ability to influence his or her functioning & the specific course of events by his or her actions.
<u>Individual agency: </u>The term "individual agency" is described as a process in which an individual tends to act or work on his or her behalf. An individual agency consists of a specific amount of resources and capabilities that result in some people having greater power or agency as compared to others.
<u>In the question above, the given statement represents "individual agency".</u>
Answer:
A
Explanation:
because its a limited market
Answer:
c I think hope this helps
Explanation:
The Government uses its resources to provide different public goods, this shows that :
Productive resources can be used in different ways
Like oil for example, which can be transformed to Gasoline or as cooking oil
hope this helps
