Answer: Adam Smith
Scottish philosopher Adam Smith (1723-1790) was strongly critical of the economic system that prevailed in his era. Smith criticized what he called the "mercantile system" because it restricted trade and thus restricted economic growth. The mercantile system believed the wealth of the world was a fixed amount, measured primarily in gold and silver accumulated. The system promoted a nation selling its products abroad but not needing to buy from others, or imposing heavy tariffs if importing anything. Colonies were created to provide raw materials and resources to the mother country and a market for the mother country's products. Commerce was heavily controlled by the government through charters granted to specific trading companies.
Adam Smith countered by advocating a free market -- the opportunity individual businessmen and for all nations to increase their wealth by exchanging goods freely with one another according to what would become known as capitalist principles. We also speak of <em>"laissez-faire"</em> ("let go") as a term for this sort of free-market economy, set free from government controls. This term came from a French group of thinkers called the Physiocrats (meaning "rule by nature') who were working during the same 18th century era as Smith. The Physiocrats and Smith were in agreement about getting government out of the business of controlling business.
Pheonician empire is the correct answer.
Answer: The percentage of 1/5 is 20%.
Correct answer: The events he witnessed.
Concerning the life and ministry of Jesus, Peter wrote about the events he witnessed.
In his 2nd Epistle to the church, the Apostle Peter wrote:
<em>We did not follow cleverly devised stories when we told you about the coming of our Lord Jesus Christ in power, but we were eyewitnesses of his majesty. He received honor and glory from God the Father when the voice came to him from the Majestic Glory, saying, “This is my Son, whom I love; with him I am well pleased.” We ourselves heard this voice that came from heaven when we were with him on the sacred mountain </em> (2 Peter 1:16-18 New International Version).
Peter also added this emphasis about all the writings of the Bible:
<em>We also have the prophetic message as something completely reliable, and you will do well to pay attention to it, as to a light shining in a dark place, until the day dawns and the morning star rises in your hearts. Above all, you must understand that no prophecy of Scripture came about by the prophet’s own interpretation of things. For prophecy never had its origin in the human will, but prophets, though human, spoke from God as they were carried along by the Holy Spirit</em> (2 Peter 1:19-21 NIV).
