The president is removed from office and the vice president takes over.
AnswAnswer:
- Adam Smith’s major contributions to classical liberal economic theory were the concept of "THE INVISIBLE HAND"
- his view of government’s proper role in the economy was "NOT PARTICIPATION"
Explanation:
Adam Smith is considerate as the father of <u>capitalism</u>. His main contribution to the classical liberal economic theory was the concept of "THE INVISIBLE HAND" (introduced in the book <u>The Wealth of the Nation</u>): he developed the idea of the existence of an invisible hand which function is regulating the markets. <u>The markets will regulate by itself</u>, by the power of this "hand" and they will find the balance by the actions of the demand and supply.
Government proper role in the economy is limited: as "THE INVISIBLE HAND" regulates the markets (by the action of the supply and demand), the government action is to "<em>laissez-faire laissez passer</em>" (let things alone, let thing pass), it should not interfere or regulate business or industries. The G must let the private sector do without public intervention trying to regulate and controlling the private business.
The Government is like a referee, not as a participant in the economy. It must provide their population defense and laws to protect and contribute to a free society.
Answer:
The plantation system developed in the American South as the British colonists arrived in Virginia and divided the land into large areas suitable for farming. Because the economy of the South depended on the cultivation of crops, the need for agricultural labor led to the establishment of slavery.
Explanation:
Balancing the use of capitals with hiring the right talent at the right time and balancing the need of business
-Use smaller incriments (millimeters instead or meters for example).
-Take them again to compare the numbers.
-Do it carefully and take your time.
