Compare Olivares' Efforts to Unite Spain and Strengthen the Monarchy

question 4

Essay

Compare Olivares' efforts to unite Spain and strengthen the monarchy with those of Richelieu in France.In evaluating the work of the two ministers, consider those conditions in their respective countries that might have aided or impeded their efforts.

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Definitions:

Opportunity Costs

A rephrased definition: The potential gains or benefits that are lost when choosing one alternative over another in decision-making.

Gross Margin

The difference between sales revenue and the cost of goods sold, expressed as a percentage of sales revenue.

Income Statement

A financial statement that shows a company’s revenues, expenses, and profits or losses over a specific period.

Committed Fixed Cost

Expenses a company has committed to, unrelated to its level of production or business activity.