According to the theory of supply and demand, the market is self-adjusting and companies compete by prices, so the government should interfere as little as possible in the economy.
The government of Ronald Regan followed this logic and was considered a neoliberal government, which advocates reducing the taxation of companies as a form of incentive to production and consequently to the supply of economy, since the productive activity of the companies corresponds to the aggregate supply of an economy (everything that goes on sale in the market).
In addition to the reduction in corporate taxation, the economic package called "Reaganomics" implemented a reduction in public spending, a reduction in income taxation and a deregulation of the economy. The consequences were economic growth, but with increasing social inequality between rich and poor.
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The environment plays a critical role in the human development. The physical and psychological stimulation the human receives differs from a city environment to country environment. Some of the environmental factors influencing early human development are the physical surroundings and geographical conditions of the area as well as the social environment and relationships with family and peers. Exercise is also very important. Playing outdoors and doing sports help the body gain muscular strength and bone mass. Children who exercise keep them healthy and strengthen their immune system.
Nutrition is a critical factor in growth because the body needs to build and repair itself. The food we eat give us the vitamins, minerals, proteins, carbohydrates, and fats we need for good development of the brain and body. Overeating can lead to obesity and health problems so it's important to know when to stop and start. Family love and care are what impacts the children the most. Being taught what is right and wrong and being surrounded by love and care give positive growth to children. Spending time with each other and having deep meaningful conversations help with social skills. People who come from a negative family where they are abused and neglected have a difficult time with basic social skills and bonding with other people.
Explanation:
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