An economy like the one America has... sorry im not sure what its called.. but basically, if there are less supplies, and more people wants it.. thats how supply and demand starts.
The process of supply and demand is essential to the economic system of laissez-faire which is founded upon an absence of regulations or interference of anything outside of the natural economic interaction. Communism is incorrect because the economic markets are controlled by the government, and socialism is also incorrect because its economic markets are determined by participation, not value.
The meeting was conducted right after the Boston tea party and they discussed how to respond to the British government's actions with their high taxes.
