Did Marco Polo lie about his adventures?

Did Marco Polo lie about his adventures? While most modern historians still believe the bulk of his book to be factual, others have dismissed it as an outright fabrication and claim that Polo never even made it to China. For his part, Marco never admitted to a single lie. Even on his deathbed he is […]

How does a command economy decide for whom to produce?

How does a command economy decide for whom to produce? In a command economy, the government controls major aspects of economic production. The government decides the means of production and owns the industries that produce goods and services for the public. The government prices and produces goods and services that it thinks benefits the people. […]

What are the five key components of the acquisition process?

What are the five key components of the acquisition process? Below we’ve detailed some of the key components required for a strong and effective merger. Communication. Win-Win. Shared Vision/New Identity. Well-Planned. Integration. What are the key components of an acquisition transaction? Even though each M&A deal is usually unique, they all consist of a single […]

How does demand influence the circular flow model?

How does demand influence the circular flow model? The circular flow model shows that goods and services that households demand are supplied by firms in product markets. The equilibrium of supply and demand in each market determines the price and quantity of that item. Moreover, a change in equilibrium in one market will affect equilibrium […]

When did trade between countries start?

When did trade between countries start? International trade has a rich history starting with barter system being replaced by Mercantilism in the 16th and 17th Centuries. The 18th Century saw the shift towards liberalism. When did America start free trade? North American Free Trade Agreement North American Free Trade Agreement Tratado de Libre Comercio de […]

Begin typing your search term above and press enter to search. Press ESC to cancel.

Back To Top