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Craftspersons have significantly contributed to markets by creating unique, handmade products that showcase cultural heritage and traditional skills. Their work often supports local economies by providing jobs and fostering community development. Additionally, craftspersons can drive demand for sustainable and ethically produced goods, appealing to consumers seeking authenticity and quality. This not only enriches the marketplace but also promotes the preservation of artisanal techniques and local traditions.

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Which development contributed to rise of the free enterprise system in Europe?

The shift from an agricultural economy to consumer markets contributed to the rise of the free enterprise system in Europe.


How did closed trade markets affect the US economy after World War 1?

After World War I, closed trade markets led to economic turmoil in the U.S. as they restricted exports and limited access to international markets. This contributed to overproduction and a surplus of goods, which drove prices down and hurt American farmers and manufacturers. The resulting economic dislocation was one of the factors that contributed to the onset of the Great Depression in the 1930s, as demand weakened and unemployment rose. Ultimately, these closed markets hindered recovery and growth in the post-war economy.


Primary markets can not function well without secondary markets?

Primary markets can not function well without secondary markets


2 Compare and contrast competition in traditional markets with that in digital markets?

Compare and contrast competition in traditional markets with that in digital markets?


What are the basic ideas of Adam Smith and how do they shape modern economic theory?

Adam Smith's basic ideas revolve around the concept of free markets and the invisible hand. He believed that individuals pursuing their own self-interest would unintentionally benefit society as a whole. This idea has shaped modern economic theory by influencing the development of capitalism and the belief in minimal government intervention in markets. Smith's ideas have also contributed to the understanding of how markets work and the importance of competition in driving economic growth.

Related Questions

Which development contributed to rise of the free enterprise system in Europe?

The shift from an agricultural economy to consumer markets contributed to the rise of the free enterprise system in Europe.


Which development contributed to the rise the free enterprise system in Europe?

The shift from an agricultural economy to consumer markets contributed to the rise of the free enterprise system in Europe.


What jobs did the rich ancient egyptians have?

Skilled workers such as physicians, scribes and craftspersons made up the middle class. Craftspersons made and sold jewelry, pottery, papyrus products, tools, and other useful things. Scribes were particularly important because few people could read and write.


What did Canals contributed to economic growth during the Industrial Revolution by?

Shortening see voyages between industrial centers and foreign markets


How did closed trade markets affect the US economy after World War 1?

After World War I, closed trade markets led to economic turmoil in the U.S. as they restricted exports and limited access to international markets. This contributed to overproduction and a surplus of goods, which drove prices down and hurt American farmers and manufacturers. The resulting economic dislocation was one of the factors that contributed to the onset of the Great Depression in the 1930s, as demand weakened and unemployment rose. Ultimately, these closed markets hindered recovery and growth in the post-war economy.


What was the aim of Olvera Street residents craftspersons and singers?

The aim of the residents of Olvera Street was to plant seeds of tradition with friends, the visiting tourists, and their Los Angeles families.


How did entrepreneurs contributed to industrial revolution?

by encouraging farmers to move from the country to cities to find factory work....................


What contributed to the cattle ranch boom?

Increase in grain farming, more land being available for agricultural use, easier access to markets, etc.Expansion of the railroads:)


What development contributed to the eventual rise of capitalism in Europe?

The expansion of the consumer market during the commercial revolution.


What factors contributed to turbulence in most market segments of the investment advice industry in the late 1990s?

Strong securities markets, shifting demographics, increased competition, changes in the structure of financial industries, and expanding global markets were all having a marked impact on industry activity.


How did the growth of US manufacturing affect the country's international relations during the late nineteenth century?

Increasing demand for markets contributed to support for an Open Door policy in China.


Which factor contributed most directly to the settlement and development of the Great Plains after the war?

the construction of railroads west of the Mississippi because railroads connected eastern markets to western farms.