Answer:
In political philosophy, limited government is the concept of a government limited in power. It is a key concept in the history of liberalism.
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Answer: Keeping up with the Joneses is an idiom in many parts of the English-speaking world referring to the comparison to one's neighbor as a benchmark for social class or the accumulation of material goods. To fail to "keep up with the Joneses" is perceived as demonstrating socio-economic or cultural inferiority.
I'd say probably not. There's no room for any companies that are not owned by or allowed by the government. Mercantilists were interested mostly in exploiting peoples for natural resources. So no, it's not particularly fair to businesses or indigenous populations
