Economic historians maintain that land, labor, product and service exchanges are influenced largely by the laws of supply and demand and by the rational decision-making processes of individuals.They also maintain that exchanges in informal markets determined by customs,traditions and nation-states are not economically desirable.Why do they make these claims?

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The Answer of Economic historians maintain that land, labor, product and service exchanges are influenced largely by the laws of supply and demand and by the rational decision-making processes of individuals.They also maintain that exchanges in informal markets determined by customs,traditions and nation-states are not economically desirable.Why do they make these claims?

Economic Historians Maintain That Land, Labor, Product and Service Exchanges