Amazon is unrivaled in the marketplace when it comes to consumer supremacy. Amazon is even outperforming most of its rivals, including some of the strongest ones, such as Walmart. There was a time when Amazon used to be referred to as the internet's Walmart.
Amazon has made significant strides over the years by offering high-quality goods and services to its customers and diversifying the products it offers. According to Forbes.com, in the marketplace, Amazon's sales increased by 71.3 percent from 2016 to 2018, to $233 billion, which is projected to grow by 50 percent to approximately $350 billion by 2020. Amazon's strategic advantages include cost leadership, differentiation, and a growth-oriented strategy. Every business has its downsides, and Amazon is no different. Amazon has a difficult-to-copy business model and a small market share.
Now if we consider jet.com, they could become a threat only and only if they are somehow possible to slowly make a close enough logistics chain to that of amazon in terms of size and quality. After that, only if they improve on what Amazon lacks, could they become somewhat of a threat to them. Amazon is a huge company and it would take time for anyone to compete with them in their own niche.
A company that failed due to ignoring external factors is Kodak. It was the largest camera manufacturer back in the time. But then sony came with digital cameras, but Kodak still stuck to the analog cameras without considering changing the external environment. And this led to the failure of Kodak.
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On june 1, 2022, spk company signed a $100,000, one-year, 6 percent note payable. Interest and principal are due at maturity. What amount will spk record for interest expense in their december 31, 2022 adjusting entries?.
In their adjusting entries for the fiscal year ending December 31, 2022, SPK will note an interest expense of $3500. There will be adjustment entries for Interest Expense and Interest Payable.
What do Interest Expense actually entail?
The cost of borrowing money has an impact on Interest Expense. It is the cost a lender charges a borrower for using their funds. The cost of borrowing money from banks, bond holders, and other sources might appear as interest expenditure on the income statement.
1.00000 principal
Interest 6%
Time is 7 months.
interest expense is equal to one hundred thousand times six decimal places multiplied by twelve.
= $ 3500
How is the cost of interest determined?
Multiplying a company's total debt by the average interest rate on its debts yields the most straightforward way to figure out Interest Expense. An organization that owes $100 million at an average interest rate of 5% would incur interest costs of $5 million ($100 million x 0.05).
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Sales$100,000 adjusted cost of goods sold$47,000 selling and administrative expense$31,200 what is the net operating income?
The computation of net operating income is shown below:
Net operating income = Sales - The adjusted cost of goods sold - Selling and administrative expense
= $100,000 - $47,000 - $45,000
= $8,000
Therefore the correct option is $8,000.
To calculate net operating income, subtract the operating expenses from the property's income. Property income includes rental income, parking fees, service changes, vending machines, washing machines, etc. Operating expenses include all costs associated with operating the facility.
Net Operating Income or NOI for short is a formula used in the real estate sector to quickly calculate the profitability of a particular investment. NOI determines the return and profitability of an investment property after deducting necessary operating costs. Operating profit shows a company's profit after deducting all expenses except debt costs, taxes, and certain one-time items.
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Based on this model, households earn income whenfirms purchasegoods and services in factor markets.
In the factor market, households act as sellers while firms act as buyers.
So,
Based on this model, households earn income when firms purchase factors in factor markets.
EVENT 1
Hubert earns $375 per week working for Dinah's Diner.
In this event, Hubert is providing his labor services to Dinah's Diner and is earning income thereof.
So, this transaction will occur in the factor market.
EVENT 2
Kate earns $600 per week working for Classy's Jewelry Store.
In this event, Kate is providing her labor services to Classy's Jewelry Store and is earning income thereof.
So, this transaction will occur in the factor market.
EVENT 3
Hubert spends $200 to purchase a necklace from Classy's Jewelry store.
In this event, Hubert is purchasing a product (necklace) from Classy's Jewelry Store.
So, this transaction will occur in the product market.
The following elements of this scenario represent a flow from a household to a firm -
1. The $200 Hubert spends to purchase a necklace from Classy's Jewelry Store.
2. Kate's labor.
Hence, the correct answer is options (1) and (2).
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Suppose+the+brand+manager+of+honey+bunches+of+oats+cereal+lowers+the+price+of+the+product+by+4%.+what+will+be+the+impact+of+this+move+in+the+short+run+and+the+long+run?+(check+all+that+apply.)
Demand will be more elastic in the long run than it will be in the short run and there will be increase in quantity demanded will be larger in the long run than in the short run.
What is Elasticity of Demand ?
Demand elasticity is a significant modification to the notion of demand. Demand can be categorized as unitary, inelastic, or elastic.
A demand that is elastic experiences a significant shift in quantity demanded as a result of a price adjustment. When the amount sought changes little as a result of a price adjustment, the demand is said to be inelastic.
The formula for computing elasticity of demand is:
(Q1 – Q2) / (Q1 + Q2)
(P1 – P2) / (P1 + P2)
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In the sequence of events that led to snowden leaking large amounts of information to reporters, who did he contact first?
In the sequence of events that led to Snowden leaking large amounts of information to reporters, who did he contact first Laura.
Edward Joseph Snowden is a whistleblower who leaked distinctly classified facts. Snowden became running as a pc intelligence representative for the CIA (primary Intelligence employer) when he determined to expose the records, in 2013. His disclosure discovered diverse worldwide surveillance applications that reputedly violated man or woman privacy. Snowden referred to as out the dearth of ethics through inner channels, but all such tries had been discouraged and not noted. that is while he decided to go away from his process at the NSA facility in Hawaii.
Snowden started out thinking about leaking the documents in March 2007, when he turned posted as a technician at the Geneva CIA station. but only proceeded, while he determined to touch Glenn Greenwald, who was running as a journalist. Snowden approached Laura Poitras, who is a filmmaker. Greenwald started operating with Snowden in early 2013 after Poitras and Greenwald became acquainted.
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The qualitative characteristics outlined in the fasb's conceptual framework include:______.
Fundamental and enhancing are two of the qualitative traits listed in the conceptual framework of the fasb.
Providing a foundation for existence or identifying a structure or function that is essential: basic Democracy is predicated on responsibility. Our fundamental rights are protected by the Constitution. B: acting as a source of innovative or creative ideas; a key discovery in the development of contemporary computers.
A fundamental thing is one that is fundamental or necessary. A prime example of a fundamental truth is the core tenet of a particular religion. becoming or acting as the primary element of a system or organization.
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Intelligence incorporated produces 100 computer chips and sells them for $200 each to bell computers. Using the chips and other labor and materials, bell produces 100 personal computers. Bell sells the computers, bundled with software that bell licenses from macrosoft at $50 per computer, to pc charlie’s for $800 each. Pc charlie’s sells the computers to the public for $1,000 each. Calculate the total contribution to gdp using the value-added method.
The value added for each agent in the economy is as follows
Intelligence incorporated: 100 x 200 = 20,000
Bell: 800*100 - 20,000 - 50 x 100 = 55,000
PC Charlie's: 1000 x 100 - 800 x 100 = 20,000
GDP = 20,000 + 55,000 + 20,000 = $95,000
What is the value-added method?Total value added is determined in business by tabulating the unit value added for each sold unit of a product. Thus, revenue less intermediary consumption equals the total value added. Total value added is very closely approximated by employee compensation, which represents a return to labor, plus earnings before taxes, which represents a return to capital. Value added is a higher percentage of revenue for integrated companies and a lower percentage of revenue for less integrated companies. The word "value added" in economics, and more especially macroeconomics, refers to the contribution made by the factors of production to improve the product's value and the income of people who own those factors. As a result, both labor and capital contribute to the national value added.To learn more about value-added method, refer to:
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Acme enterprises borrowed $20,000 from last bank on a 5-year note payable. acme's journal entry to record this transaction will include?
Acme enterprises borrowed $20,000 from last bank on a 5-year note payable. acme's journal entry to record this transaction will include a debit to cash for $20,000 and a credit to notes payable for $20,000.
A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting journal that displays the debit and credit balances of a company lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
A journal entry is a record of a business's financial transactions kept in its accounting books. An accurate date, the amounts to be debited and credited, a description of the transaction, and a special reference number are all components of a properly documented journal entry.
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True or false. you must have an additional sophos central license to use central firewall management.
The given statement exists true. You must have an additional Sophos central license to use central firewall management.
Is Sophos Central Firewall Manager available for free?Sophos Central makes managing a single firewall or hundreds of them simple - and free. Take advantage of free zero-touch deployment, group firewall management, and flexible reporting tools. Navigate to System > Administration > Central administration. To enable central management, enable Manage your firewall using. To manage your firewall, use Sophos Firewall Manager (SFM), Sophos Central Firewall Manager (CFM), or Sophos Central.Navigate to the customer's Sophos Central Dashboard instance. Navigate to Settings under Endpoint Protection / Server Protection. Select Registered Firewall Appliances from the Administration menu. Check to see if the firewall is visible here.Firewall Manager from Sophos. Complete centralized management Complete firewall administration for all of your devices. Centrally manage firewall policies and configuration for all of your network security features, including application filtering, web filtering, intrusion prevention, VPN, email, and more.To learn more about Sophos Central Firewall Manager refer to:
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You create numerous customized views to use with all your projects. what is the easiest way to ensure that these views are available to all your projects?
You create numerous customized views to use with all your projects. The easiest way to ensure that these views are available to all your projects are to turn on the automatically add new views, tables, filters, and groups to the global option.
What are customized views?
A Custom View is a copy of a view that has your selections and filters applied. You can use Custom Views to save your filters, sorts, or selections, without changing the original view. Custom Views are a good option if you find yourself changing a Tableau Server or Tableau Online view every time you open it.
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During the lifetime of an entity accountants produce financial statements at artificial points in time in accordance with the concept of?
During the lifetime of an entity, accountants produce financial statements at artificial points in time in accordance with the concept of Objectivity, Periodicity.
You do not want to be a maths genius to be a b. Of route, just like most jobs, you may be expected to have a fundamental know-how of maths. And it honestly allows when you have a hobby in numbers. but you do not have so one can resolve complex maths issues for your head to be a terrific Accountant.
Even while you love your activity, the profits continue to be vital. With accounting, the capacity for expert growth is going hand in hand with the income capacity. in keeping with the Bureau of exertions records (BLS), the median annual earnings for accountants is around $69,000. but, the top 10% make up to $108,000.
Accountants spend the general public working day reading, accumulating, compiling, and comparing monetary information. Accountants additionally put together a spread of stories and economic statements, from daily cash glide statements for small organizations to annual economic reports for massive groups.
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Percentage paid to a lender for the use of borrowed money, or the percentage earned on invested principal.
The amount that lenders demand from borrowers in the form of interest is expressed as a percentage of the principal. It also includes any bank account earnings.
The fee paid for the right to borrow money is called interest. In contrast to how the interest rate used to compute interest is normally expressed, which is as an annual percentage rate, interest expense or revenue is frequently expressed as a dollar figure (APR). Interest is the payment a lender or financial organisation makes in exchange for extending credit. A stockholder's ownership stake in a corporation, which is typically expressed as a percentage, is another definition of interest. Interest is frequently linked to credit cards, mortgages, auto loans, personal loans, savings accounts, or fines. The macroeconomic policies set by the Federal Reserve's Federal funds rate heavily influence interest rates.
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During a presidential campaign, the incumbent argues that he should be reelected because nominal gdp grew by 12 percent during his 4-year term in office. You know that population grew by 4 percent over the period and that the gdp deflator increased by 6 percent during the past 4 years. You should conclude that real gdp per person?.
Answer: The correct answer is Grew by 2%
Explanation:
Because nominal GDP increased by 12% through these years, it has a meaningful result of 12%.
The population increased by 4%.
GDP deflator has a meaningful result of 6% because it has likewise grown by 6%.
We already know the nominal GDP and the GDP deflator, thus we may use the following formula instead:
Now compute the Real Income per capita percent by multiplying 6 percent by (12 percent)/ (Real GDP per person percentage) x100.
As a result, we multiply both sides by the proportion of Real GDP to get:
We reduce both sides by 6 percent to get real GDP per person percent (6%) = 12 percent.
As a response, the real economy has grown by 2% since the GDP deflator improved rather than reduced, and nominal GDP is also positive.
Therefore if we have a fraction with a positive response, we know both fraction values must be positive, and if the GDP deflator grows, both fraction values must be positive.
The starting point in developing the master budget is the preparation of the ________.
a) cash budget
b) production budget
c) sales budget
d) budgeted income statement
The place to begin developing the grasp price range is the instruction of the sales price range.
The increase is a verb meaning to build up, grow, or improve progressively over the years. A developer is a person who develops land into shopping department shops, faculties, and skyscrapers. The method can take months, however, eventually, they will transform a pile of dirt right into construction.
As well as growing higher jobs, development is vital for a country because it improves commercial enterprise and trade. As countries develop more worldwide organizations flow in and trade with other countries grows. This further improves the country's economy and additionally, in addition, increases the range of top jobs on offer.
A rustic having a powerful rate of industrialization and individual income is referred to as advanced usa. The developing united states of America is a country that has a sluggish rate of industrialization and coffee in keeping with capita income. Unemployment and Poverty. relatively decrease.
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Cyclical unemployment is caused by the ________ for labor ________ during an economy moving from recession to expansion.
The deviation in unemployment driven by the economy moving from growth to recession or from recession to expansion is known as cyclical unemployment.
What Is Cyclical Joblessness?The portion of overall unemployment that is specifically caused by cycles of economic expansion and contraction is known as cyclical unemployment. Typically, unemployment increases during economic downturns and decreases during boom times. High unemployment rates are primarily a result of cyclical unemployment. It results from a contraction in the business cycle. It is a normal cycle of economic growth's ups and downs that happens over time. Temporary cyclical unemployment is based on how long an economic downturn brought on by a recession lasts. Something that repeats itself or moves in cycles is cyclical, according to the definition of the word. A cyclical phenomenon would be something that changes with the seasons every year. occurring on a regular basis.
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What rate if interest compounded annually is involved if an investment of 10000 made now is result in a receipt of 24760 in 8 years?
The rate of interest is found to be 12%.
Given here, the final amount(A) = 24760, Investment amount (P) = 10000 and period of time(n) = 8 years.
Now we calculate the rate of interest by compound interest rate formula,
A=P(1+r)ⁿ
24760= 10000(1+r)⁸
2.476 = (1+r)⁸
(2.476) ¹/₈ = 1+r
0.12= r
This, rate of interest is found to be 0.12 or 12%.
Compound interest rate is calculated using both the original principle and the interest from previous periods when calculating the interest on a loan or deposit. The frequency of compounding determines the rate at which compound interest accumulates.
The compound interest increases with the number of compounding periods. The compound interest rate is calculated by the formula A = P(1 + r/n)ⁿt, where P is the principal balance , t is no. of time period and n is no. Of times the interest is compunded.
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What responsibilities does the film editor have? (Select all that apply).
reading the script
revising the script
digital grading
manipulating graphics, plot, sound, and score
The responsibilities of the film editor would be to:
reading the scriptmanipulating graphics, plot, sound, and scorerevising the scriptWho is a film editor?This is the person that is in charge of all that has to do with the turning of the uncut images that are from a film shoot into a more finished product. The editor is one that has to do with job of studying the scripts of movies and then developing the movies in a post production effort.
Hence we can say that the responsibilities of the film editor would be to:
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Stacy's dress shop received a $1,050 invoice dated july 8 with 2/10, 1/15, n/ 60 terms. on july 22, stacy's sent a $242 partial payment. what should stacy's outstanding balance be?
2/10 = 2% discount when payment received in 10 days.
1/15 = 1% discount if payment received within 15 days.
n/60 = no discount within 60 days.
July 8 + 15 days = July 23
So, since Stacy has sent invoice on July 22 she could qualify for 1% discount.
1% = 0.01
Discount = 1050 * 0.01 = 10.5
100% - 1% = 99%
99% = 0.99
1050 * 0.99 = 1039.5
So, if Stacy pays between 11 to 15 days she can pay $1039.5
Since, she paid $242, remaining balance = $1039.5 - $242 = $797.5
now, if she does not pay this within 15th day she will loose 1% discount and needs to pay full $1050. So, since she paid $242, her outstanding balance is $1050 - $242 = $808.
a. Stacy's should receive Credit of $ 244.44
b. Stacy's Outstanding balance is $808.
The total amount remaining owed on a loan is known as the outstanding balance. This is the amount of a loan's principal balance that is still owed, which is the amount that was first loaned. It excludes any fees or interest that are owed on the loan. The outstanding balance of a loan is the sum that is still owed from either the lender's or the borrower's perspective. From the standpoint of a saver or savings bank, remaining balance instead refers to the amount of money that is still in an account after spending or a withdrawal.
Stacy's Dress Shop received a $1,050 invoice dated July 8 with 2/10, 1/15, n/60 terms. On July 22, Stacy's sent a $242 partial payment. (If more than one discount, assume date of last discount)
a. What credit should Stacy's receive?
b. What is Stacy's outstanding balance?
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The claim that, ceteris paribus, the quantity demanded of a good falls when the price of that good rises.
The claim that, ceteris paribus, the quantity of a good decreases when the price of that good increases is true.
The term ceteris paribus means when all the other things remain the same. So when all the other factors are related to the good, if the price of that good goes up then the demand will fall. The statement is true even if it is written vice-versa. When the price of the good falls the demand for that good will increase.
This statement is given by the law of demand. According to the law of demand, there exists an inverse relationship between the prices of the good and its quantity demand. There are also some exceptions to this rule which include goods like necessities. In these cases even if the price falls the demand will remain the same and vice-versa.
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The debt of state and local governments is mostly? owed to citizens of other nations. external. worthless internal.
The debt of state and local government is mostly an external debt.
The financial obligations of the government sector are known as a nation’s gross government debt, often known as public debt or sovereign debt Government borrowing over time is mostly due to prior shortfalls in the budget. When a government’s expenses exceed its receipts, a deficit results. Both domestic and foreign residents may be subject to government debt.
Public debt management is the process of creating and implementing a strategy for managing the government's debt to raise the required amount of funding, and meet other goals of government.
Global government debt in 2020 was estimated to be worth $87.4 US trillion, The percentage of government debt in total debt (which includes corporate and family debt) reached its highest level since the 1960s, close to 40%.
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The production possibilities frontier shifts inward if :_________
a. resources are destroyed.
b. the capital stock increases.
c. the labor force increases.
d. unemployment increases. e. technology improves.
If the resources are destroyed, the production possibilities frontier shifts inward. Thus, the correct answer is letter a.
When the capital stock increases, labor force increases, unemployment rate increases and/or the technology improves, it will not make the production possibilities frontier to shift inward.
However, for the frontier of production possibilities to move inward, the capital stock, labor force, and unemployment rate must all have decreased. Additionally, if technology worsens, frontier will turn inward as well.
When labor skills, technology, the size of the workforce, and/or the capital stock all advance, a production possibilities frontier may move outward, not inward.
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A university posts a notice that anyone who registers for classes after the deadline will be charged an additional $30 fee. this is an example of?
Anyone who registers for classes after the cutoff will be charged an extra $30 fee, according to a university's notification. This is an illustration of a disincentive.
Something that deters someone from taking a certain action is known as a disincentive. It opposes the word "incentive." Politics, social issues, or economics may all be considered in relation to disincentives. Any element that discourages a person from choosing a certain course of action is referred to as an economic disincentive. For instance, a potential employee might decide not to pursue that particular career path if the remuneration for a particular work is too low. Similar to this, a person will choose to look for employment elsewhere if they have a specific medical condition and their employer is unable or unable to make accommodations for it. Politicians employ disincentives to achieve their goals in both domestic and foreign policy.
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Sheryl would like to adjust the amount of income tax withheld from her paycheck. she should contact her employer and fill out a new:__________
The amount of income tax deducted from Sheryl's salary needs to be changed. She should speak with her employer and complete a new: W-4 form
An income tax is a charge levied against people or organizations (taxpayers) in relation to their earnings (commonly called taxable income). In most cases, income tax is calculated as the sum of the tax rate and the amount of taxable income. The type of taxpayer and the type of income are two factors that can affect the tax rate.
As taxable income rises, the tax rate could rise as well (referred to as graduated or progressive tax rates). The tax imposed on businesses is typically referred to as corporate tax and is frequently assessed at a flat rate.
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If a company transports its products to a foreign market for sale, which type of global business is being conducted?
When a company transports its products to a foreign market for sale, this global business is called exporting.
Most firms start their global business by utilizing the process of transporting the products to foreign markets for developing and expanding their business. Exporting is the simplest type of global business and a conventional entering strategy to foreign markets.
Exporting can be described as the advertising and selling of products created in one country into another. While no immediate assembling is expected in an abroad country, critical interests in promoting are required.
Exporting can be carried out using either a direct or indirect method i.e., through an agent. Whereas, selling the products in a foreign market is a customary and deeply grounded technique for arriving at unfamiliar business sectors.
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Attorneys who are part of the executive or midlevel management team of large companies are known as?
Attorneys who are part of the executive or midlevel management team of large companies are known as In-house counsel.
Who are Attorneys?A person who prepares, interprets, and applies the law as an advocate, attorney at law, barrister, barrister-at-law, solicitor, canonist, canon lawyer, legal executive, or public servant—but not as a paralegal or charter executive secretary—is referred to as a lawyer or attorney.
Lawyers can find employment in the public sector as district attorneys, public defenders, or even for the federal government.
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Sze is riding her beach cruiser. her ability to sense how her torso is adjusting to the speed of her cycling and how her legs are pumping up and down is called?
Felix is riding his bicycle. His ability to sense how his torso is adjusting to the speed of his cycling and how his legs are pumping up and down is called kinesthesia.
What is kinesthesia?A sense produced by receptors in muscles, tendons, and joints that are triggered by tension and movement of the body. also sensory experience derived from this sense.
The sense of proprioception, also known as kinesthesia, enables us to recognise the location, motion, and function of various body parts. It includes a variety of sensations, such as the perception of joint position and movement, muscle force, and effort.
The kinesthetic system entails a number of receptors in connective tissues of joints and tendons that pick up sensory signals and transmit information to the sensory cortex of the brain via the nervous system. The joint or limb's position and motion are then perceived by the brain.
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What is the effect of the december 31 adjusting entry to record $400 of revenue for which the seller has performed for its customers but not yet collected?.
Accounts Receivable should be increased by $400 and Sales Revenue should be increased by $400
Sales revenue is the money a business makes from selling products or offering services. Sales and revenue can, and frequently are, used interchangeably to refer to the same thing in accounting. It is significant to remember that revenue does not always equate to money received. Net sales, as used in bookkeeping, accounting, and financial accounting, refer to operating revenues received by a business from the sale of its goods or provision of its services. They are directly recorded as Sales or Net sales on the income statement and are also referred to as revenue. Sales are simply referred to as "revenue," which does not include any fees or expenses related to running the business. Profit is the amount of income that is left over after all costs and debts have been taken into consideration.
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Suppose a basket of goods and services has been selected to calculate the cpi and 2020 has been selected as the base year. In 2019, the basket’s cost was $80; in 2020, the basket’s cost was $86; and in 2021, the basket’s cost was $90. The value of the cpi in 2021 was?.
Data provided as per the question below:
Cost of basket in 2021 = $90
Cost of the basket in base year = $86
Below is the calculation of the CPI value
Value of the CPI = (Cost of a basket in 2019 ÷ Cost of a basket in the base year) × 100
Value of the CPI = ($90 ÷ $86) × 100 = $104
The Consumer Price Index (CPI) is an index number that can calculate the average price of goods and services that have been consumed by the public as consumers. Conducted with the aim of measuring the inflation rate within a certain period of time, as well as a consideration in adjusting salaries, wages, pension funds, and other contracts.
Inflation is a tendency to increase the value or price of goods and services continuously. When the price of goods and services increases, inflation increases. But this continuous increase in the price of goods can cause the value of the currency to fall. Rising inflation eventually triggers a decrease in the value of the currency against the value of goods and services.
CPI indicator to measure the rate of inflation. Changes in CPI are a description of the rate of increase (inflation) or the rate of decline (deflation) of goods and services within a certain period of time. It is the Central Bureau of Statistics tasked with compiling this Consumer Price Index. Data that must be processed is usually obtained from consumers, producers and others. Determining the CPI uses certain methods and formulas. Usually, the CPI is calculated based on a survey of the cost of living in an urban area and is carried out in stages.
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The slave trade was a vital part of world commerce during the eighteenth century, one in which every european empire participated. Complete the following passage, which describes an integral component of that system?.
The solutions that would be needed to fill in the blanks concerning the slave trade would be
AsientoSlavesDutchWhat was the slave trade?This is the term that is used to refer to the trade that took place in Africa at the time that had the white man coming into the African continent in order to buy the blacks to the Americas.
Their goal was to have the black people to be used as laborers in the areas that they were taken to such as the North and the South of America.
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Complete question
The slave trade was a vital part of world commerce during the eighteenth century, one in which every European empire participated. Complete the following passage, which describes an integral component of that system.
The asiento—an agreement whereby Spain subcontracted to a foreign power the right to provide slaves to Spanish America—was an important diplomatic prize. Britain's acquisition of such an agreement from the Dutch in 1713 was a major step in its rise to commercial supremacy.
Paul vidal de la blache promoted a viewpoint called ______ in which the natural environment could constrain or limit culture, making some variants more or less likely than others.
Paul Vidal de la Blache promoted a viewpoint called possibilism in which the natural environment could constrain or limit culture, making some variants more or less likely than others.
Possibilism is an antidote to both determinism and environmental determinism. It is predicated on the assumption that the environment imposes certain constraints or limitations, but that culture is determined by social conditions. According to this theory, the true and only geographical problem is the utilization of possibilities.
The essence of Possibilism is as follows:
Nature provides opportunities, which man exploits based on his culture, traditions, and socioeconomic status.People are not simply byproducts of their environment or pawns of nature.Nature is never more than a consultant.There are no necessities, only possibilities.In every region, the range of possibilities is limited more by the price man is willing to pay for what he wants than by environmental constraints.Learn more about possibilism here:
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