Powerful empires were built, Written and spoken languages were made and perfected, and new technology was created
I don’t understand but I definitely agree with that message
Answer:
The following are advantages of modern economic system
Explanation:
- Countries embrace modern economic system since it increases national productivity.
This is due to the fact that the free trade system make the public and private sectors to work in improving their enterprises and at the same time improving the government
2. The modern economic system gives governments easy time to handle since most of the enterprises are privately owned.
3. Modern economic systems maximize the use of resources in countries: the government cannot manage all its resources.
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<span>The granting of elusive patents and trademarks to specific companies, as well as a complete lack of government regulation, led to the creation of monopolies among the industrial tycoons in the latter half of the 19th century.</span>
