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In the European feudal system under manorilism what is the most significant economy commodity?
In the European feudal system under manorialism, the most significant economic commodity was land. Land was the primary source of wealth and power, as it provided the means for agricultural production, which was essential for sustenance and trade. Peasants, or serfs, worked the land in exchange for protection and a place to live, making their labor crucial to the economy. Thus, landownership and agricultural output were central to the feudal economy.
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Effects of supply and demand?
supply and demand effects the market economy and commodity prices. with a increase in demand commodity price increases resulting in inflation in economy and viceversa, and with increase in supply by producers there is decrease in commodity price resulting in deflation in economy.
Is labor considered a commodity in the modern economy?
Yes, labor is considered a commodity in the modern economy, as it is bought and sold in the marketplace like other goods and services.
Why is lumber considered a commodity?
A commodity is any item which can fufuill a market desire or need. Lumber is considered a commodity because it can be bought and sold to fufill a desire or need in the economy.
What is the continental European model of political economy?
What is the continental European model of political economy?
How does the price system in a free market economy react to shortage of commodity?
Higher prices
In the European feudal system under manorialism what is the most significant economic commodity?
In the European feudal system under manorialism, the most significant economic commodity was land. Land was the basis of wealth and power, with lords owning large estates and peasants or serfs working the land in exchange for protection and sustenance. Agricultural production, particularly crops and livestock, was essential for sustaining the local economy and supporting the feudal hierarchy. This system created a self-sufficient economy centered around manors, where land and its agricultural output were paramount.
Effects of supply and demand?
supply and demand effects the market economy and commodity prices. with a increase in demand commodity price increases resulting in inflation in economy and viceversa, and with increase in supply by producers there is decrease in commodity price resulting in deflation in economy.
Is labor considered a commodity in the modern economy?
Yes, labor is considered a commodity in the modern economy, as it is bought and sold in the marketplace like other goods and services.
Is Angola a one commodity country?
Yes, Angola is often considered a one-commodity country due to its heavy reliance on oil exports, which account for a significant portion of its GDP and government revenue. While the country has other natural resources, such as diamonds and minerals, oil dominates its economy. This dependence on a single commodity makes Angola vulnerable to fluctuations in global oil prices. Efforts to diversify the economy are ongoing, but challenges remain.
Why is lumber considered a commodity?
A commodity is any item which can fufuill a market desire or need. Lumber is considered a commodity because it can be bought and sold to fufill a desire or need in the economy.
What is the most popular commodity in India?
The most popular commodity in India is copper. As India's economy grew, so did the demand for copper.
What is the continental European model of political economy?
What is the continental European model of political economy?
How does the price system in a free market economy react to shortage of commodity?
Higher prices
What is economy command?
Command Economy is all major decisions related to the e production, commodity and service prices are all made by the goverment.
Which European country is now the number 3 economy on the planet?
Japan has the 3rd largest economy in the world, and it is an Asian country, not European. Germany is the 4th largest economy in the world, and it is a European country.
When was European Association for Evolutionary Political Economy created?
European Association for Evolutionary Political Economy was created in 1988.
What use are diamonds to the economy?
As with any natural commodity, diamonds offer jobs to people who work in the industry. These jobs range from miner to manufacturer to jeweler. As well, the diamond industry pays significant taxes in the economies where the industry operates.
