it refers to an increase in a country's real output of goods and services. it explains quantitative changes in economy.it is mainly related to developed countries.
C. Without competition, people wouldn't have a lot of choices.
the hope that international cooperation might prevent future global conflict
Comparative advantage is important because it explains how countries or individuals can benefit from specializing in the production of goods and services they can produce most efficiently, leading to increased overall economic efficiency. By focusing on their strengths, they can trade with others, resulting in a greater total output and a higher standard of living for all parties involved. This principle promotes international trade and fosters cooperation, ultimately enhancing global economic growth.
The theoretical and practical importance of macro economics is briefly discussed as: 1. It is helpful in understanding the functioning of macro economics system. 2. It explains the factors which determine the level of national income and employment in an economy. 3. It explains the circular flow of national income in an economy. 4. It explains the problem of unemployment which is a main problem of developing countries. 5. It explains the various aspects of international trade such as terms of trade balance of payments, foreign exchange etc. 6. It studies the causes of fluctuations in the business cycle and to formulate the policies to control inflation and deflation.
A comparative essay explains the similarities and differences between two or more things. It typically involves analyzing the similarities and differences to draw meaningful conclusions about the subjects being compared.
http://www.ce.org/Standards/browseByCommittee_2651.aspthat website explains it all... :)
The Kinetic Molecular Theory explains the major differences between the states of matter. It states that the differences in physical properties among solids, liquids, and gases are due to the arrangement and movement of particles in each state.
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Please rewrite. We are not given the maps or years.
The Constitution is important because it explains your rights and the way you should be treated by the law. The Constitution also explains how the government is to be laid out.
Conservatives were threatened by changes in society and its moral standards.
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To work together to promote their national interests
It is about fair trade with foreign countries, if you watch the music video it explains it pretty well.
why is the greenhouse effect important for life on the earth