Answer:
Mercantilism was the prevalent economic system in the Western world from the 16th to the 18th century.
If a price control causes a surplus the market will become inefficient because:
1. The producer will manufacture the same amount of goods as he did previously but the surplus will increase its cost and the goods will not be sold in the market, it will result in the wastage of goods and resources if they are kept in one place for a long time.
2. The surplus will cause an equilibrium in the market in terms of supply and demand.
3. If the goods are not sold in the market for a long time, it will stop the circulation of money.
Meaning of Inefficiency :
It means the lack of ability to achieve a certain goal without wasting energy, resources and time.
Abraham Maslow studied the lives of Abraham Lincoln, Thomas Jefferson, and Eleanor Roosevelt in order to understand the nature of self actualization.
Maslow's hierarchy of requirements places self-actualization as the pinnacle of psychological growth, whereby one's potential is completely realised following satisfaction of fundamental physical and ego needs.
According to Maslow, self-actualization is "self-fulfillment, or the propensity for a person to realise all that he or she is capable of. The urge to become more and more of who one already is and all that one is capable of becoming might be used to describe this inclination."
Abraham Maslow used the phrase to refer to a nature that may result in reaching one's potential. He did not believe that self-actualization defined one's life, but rather that it provided the incentive to pursue unfulfilled dreams. Self-actualization, according to Maslow, has traditionally been defined as "the full manifestation of one's potential" and of one's "true self."
To learn more about self actualization, refer
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Answer:He feared tyranny of any kind and only recognized the need for a strong, central government in terms of foreign affairs. He was concerned that the Constitution did not address the liberties that were protected by the Bill of Rights and did not call for term limits for the president.
Explanation:
Separation of power enactment
