Specie economy. Specie are precious metals and gemstones. It leads to hoarding. Capital flows in only one direction: from the site of extraction, the periphery, to the ruler, the core. This leads to economic slowdown and stagnation. That's all I could think of. I kind of went off on it after "specie," but specie isn't a complete description so that's why. I'm probably missing something huge.
We did have a gold standard up until 1972, when Nixon took us off of it. I guess that's another way to describe mercantilism: it's not a debt economy. In capitalism, capital is fluid, meaning it flows many ways, not just the one way as in mercantilism. Debt, then, creates profit. The government in a capitalist system wants to assume as much as the public debt as it can. It does not want a large stockpile of capital sitting inert in private hands. That is bad for democracy. The word is "inimical."
When the government borrows, it doesn't have to print money to finance ventures. Buying things like an aircraft carrier is a venture. Our investments in overseas oil fields are ventures. The interest on these kinds of things is enormous and is used to keep the economy rolling. You borrow, then you finance ventures to pay off your debtors. The deficit is the difference between what you borrow and what you pay back. A surplus means you borrowed more so you have more incoming than outgoing. A deficit can mean you are being fiscally responsible since it shows that you are borrowing less than you are paying back. A deficit is an indicator--AN indicator, depending on other things, but a strong one--of a strong or rising military.
Debt is more reliable for paying for war than specie is, and capitalism is a better engine for economic growth than class struggle. Both class struggle and mercantilism are closed systems, and that's what makes them fail. Mercantilism implies hoarding, and class struggle implies starving.
Answer:
The answer is C. The cost of production to increase
Explanation:
Technology has deeply affected the global economy and its usage has been linked to marketplace transformation, improved living standards and more robust international trade. Hopefully this helps!
A state government's authority to regulate the safety, health, and morals of its citizens is called the "police" power.
In United States constitutional law, police power is the limit of the states to manage conduct and authorize arrange inside their domain for the improvement of the wellbeing, security, ethics, and general welfare of their inhabitants. Under the Tenth Amendment to the United States Constitution, the forces not designated to the Federal Government are saved to the states or to the general population. This infers the Federal Government does not have every single conceivable power, on the grounds that a large portion of these are saved to the State governments, and others are saved to the general population.
