Compare and Contrast the Reasons for Unity and Disunity in the American

question 46

Essay

Compare and contrast the reasons for unity and disunity in the American colonies before and after the Seven Years' War.

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Definitions:

Resource

Raw materials, labor, capital, and other inputs used in the production of goods and services.

External Benefits

Benefits of a good or service that are not captured by the market price and are received by third parties.

Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and products that are similar but differentiated.

Maximize Profit

The goal of adjusting production or service levels to achieve the highest possible returns.