Question 11

Not yet answered

Marked out of 3.00

Remove flag

Question text

How can markets explain the hockey stick phenomena?

Select one:

a.

Markets were mostly immature in the early 18^th century. They helped the firms to grow easily.

b.

Markets contribute to the economy by increasing the productivity of labour, by allowing people to specialise in the production of goods.

c.

The political and economic conditions in Great Britain helped the markets to grow faster so that GDP per capita increased substantially.

d.

All of the above.