Without free trade, diamonique has market power as a local producer. once free trade is implemented in the local economy, diamonique is no longer able to raise its prices above competitive levels. the previous scenario represents which of the following benefits of free trade? increased competition an enhanced flow of ideas lower costs through economies of scale increased variety of goods

Early 18th century british industries were generally small scale and relatively unsophisticated. most textile production, for example, was centred on small workshops or in the homes of spinners, weavers and dyers: a literal ‘cottage industry’ that involved thousands of individual manufacturers. such small-scale production was also a feature of most other industries, with different regions specialising in different products: metal production in the midlands, for example, and coal mining in the north-east.two illustrations of 18t

The london company was an english joint stock company established in 1606 by royal charter by king james i with the purpose of establishing colonial settlements in north america.