Explain the Transition in Economists' Thinking in the Eighteenth Century

question 51

Essay

Explain the transition in economists' thinking in the eighteenth century that challenged the traditional notions of a state-centered economy.

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Definitions:

Submarine Canyons

Deep, steep-sided valleys cut into the seabed of the continental slope, often extending well out into the ocean floor.

Continental Slope

The steep slope where the continental shelf drops down to the deep ocean floor.

Continents Position

Refers to the geographical location of the Earth's continents, which can change over geological time due to the process of continental drift.

Ocean Basins

Large depressions on the Earth's surface that are filled with ocean water, forming the basic divisions of the world's oceans.