south and west
A far-reaching river system was an economic advantage for which sections of the US during its expansion and development?
South And West
Private investment
Comparative advantage is important in international trade and economic development because it allows countries to specialize in producing goods and services that they are most efficient at, leading to increased productivity and economic growth. By trading with other countries based on their comparative advantages, nations can benefit from a wider variety of goods and services at lower costs, ultimately promoting global economic cooperation and development.
What played a significant role in economic expansion?
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.
South And West
War Hawks.
Private investment
Comparative advantage is important in international trade and economic development because it allows countries to specialize in producing goods and services that they are most efficient at, leading to increased productivity and economic growth. By trading with other countries based on their comparative advantages, nations can benefit from a wider variety of goods and services at lower costs, ultimately promoting global economic cooperation and development.
What played a significant role in economic expansion?
Ian Goldin has written: 'Comparative advantage' -- subject(s): Comparative advantage (International trade), Agriculture and state, Produce trade 'Exceptional people' -- subject(s): Emigration and immigration 'Trade liberalisation' -- subject(s): Commercial policy, Free trade, Produce trade, International economic relations, International trade 'Economic Reforms, Trade and Agricultural Development' 'Globalization for development' -- subject(s): Capital movements, Economic aspects, Economic aspects of Globalization, Economic assistance, Economic development, Economic policy, Emigration and immigration, Globalization, International economic relations, International trade, Poverty
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.
nature of economic development
Being an island did play a role in Britain's economic expansion in the long 18th century, as it provided a natural defense and control over sea trade routes. However, other factors such as industrialization, the development of financial institutions, colonial expansion, and technological advancements were also crucial in driving Britain's economic growth during that period.
greed
Which of the following was not an economic effect of colonization? Global economic development
Most economic systems are driven by Demand(desire AND ability to pay). Reduction in demand will end economic expansion. Ability to pay due to loss of credit was the event that ended the recent economic expansion in the US. Debt itself will not end economic expansion. Most innovations are created by debt laden entities.