A free-market economy works well only without the government’s interference.
Adam Smith's theories are the basis for free-market capitalism and is the model of early capitalistic systems.
The Wealth of Nations lays out the economic theory of capitalism based on a free-market. As Adam Smith describes a free-market, the government should not interfere or regulate trade for the best results. When the government keeps their hands off the economy, large amounts of wealth can be earned and new businesses can grow with private investment and competition. Gilded Age capitalism is an example of free-market without government regulation. It produced unbridled wealth but also a large gap in social classes. Smith argues that is a necessary consequence to create motivation and competition.
Answer:
The loyalty to the city-states was greater than the loyalty to any larger conception of Greece. As a result, city-states would only fight or mobilize in cases where the individual city-state was jeopardized, not out of solidarity with other city-states.
Explanation:
Explanation:
The Southern Colonies were primarily agricultural with few cities and limited schools. SO This made it a more suitable place to grow grain and livestock than New England, while the Mid-Atlantic presented a diverse workforce of farmers, fisherman, and merchants.
They had more in common than different. The Samurai were "owned" by Damyos, and the Knights were "owned" by Lords. They both fought for there Damyos or Lords, and acted as "mercenaries".
