The two interpretations of economic history are strongly concerning who run the economy, government or companies.
Capitalism:
It is an economy in which free markets decides the economy. The companies are free to grow without much intervention of government in the country.
Example- America
Socialism:
The government has most of the power and decides the economic aspects of the country. The government is decides by the people.
Example- India
Therefore, The two interpretations of economic history are strongly concerning who run the economy, government or companies.
To know more about economy,
Interpretations differ on the evolution of economic systems like capitalism and socialism, the role of mercantilism, and the impact of technological advances in the early modern period.
The two interpretations of the economic history of the early modern period differ most strongly concerning how economic systems evolved and impacted societies. This period was marked by significant developments such as the Agricultural Revolution, the rise of capitalism and socialism, and the transformation brought about by the Industrial Revolution. Capitalism and socialism emerged as two competing economic systems, with capitalism focusing on private ownership and market regulation through supply and demand, whereas socialism advocated for common ownership of the means of production with economic activity controlled by a central authority.
Additionally, mercantilism is another point of contention, with thinkers like Adam Smith challenging its principles and the assumption that wealth accumulation through trade was beneficial. Furthermore, economic thinkers of the time, such as Smith and Ricardo, could not predict the technological and energy advancements that would drastically change productivity and economic growth, such as the use of fossil fuels.
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b. Russia
c. China
d. Japan
The options of the question are, A) keeping prices low. B) offering promotions. C) advertising. D) cultivating brand loyalty. E) overcoming barriers to entry. F) developing a specific image.
The correct answer are, B) offering promotions, C) advertising and D) cultivating Brand loyalty.
The practices that describe how producers in oligopolies generally tried to create competition are, by offering promotions, advertising, and cultivating brand loyalty.
The term oligopoly refers to a market structure where only participate few companies. When a determined market only has some companies participating, instead of many companies that compete each other, is when an oligopoly is present. An oligopoly does not allow other companies to enter the market, increases prices of products and services and because lack of competition, there is such a few innovation or none. On the other hand, the practices that describe how producers in oligopolies generally tried to create competition are, by offering promotions, advertising, and cultivating brand loyalty.
Answer:
B) offering promotions, C) advertising and D) cultivating Brand loyalty.
Explanation:
edge 2020
b. It was vastly richer, larger, and more powerful than it had been one hundred years before.
c. Its losses during the War of 1812 substantially weakened its power for the next hundred years.
d. Its strict economic controls resulted in a widespread return to mercantilism.
e. It became a military superpower in the world but lacked a strong economy.
Answer: B. It was vastly richer, larger, and more powerful it had been one hundred years before.
Explanation: E is INCORRECT on PLATO
I answered E on my test and got it wrong, this is the only other correct answer.
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