How Does the Washington Consensus Differ from the Santiago Consensus

question 8

Essay

How does the Washington Consensus differ from the Santiago Consensus?

Describe how hot spots contribute to the formation of various terrains and their geological significance.

Analyze the role of tectonic activities in the formation of terranes and mountains.

Explain the processes of accretion and how it adds landmasses to continents.

Identify and describe the geological features within continental interiors.

---

Definitions:

Quantity Supplied

Suppliers' readiness and capability to sell a certain amount of goods or services at a specified price.

Quantity Demanded

The complete quantity of a specific product or service that consumers can and are willing to buy at a certain price threshold.

Equilibrium

The point in a market where the quantity demanded by consumers equals the quantity supplied by producers, leading to a stable price.

Surpluses

The quantity of goods that remains when a producer has more goods than it is able to sell at the current price.