According to Adam Smith, <em>mercantilist policies that limited trade prevented the expansion of trade with other countries.
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Smith considered that government intervention was no good in the economics of a country. He said that a free trade market was what a country needs. Otherwise, mercantilist policies limit trade and don’t allow its expansion abroad. Protectionism limited production and was a way to promote monopolies. If this happened, competition suffered.
Smith proposed that in order to achieve permanent economic growth with its social benefits in society, the government did not need to maintain economic privileges. <u>He totally supported the free market.
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Answer:
Renewing his commitment to Communism
Explanation:
The once-great Soviet Union fell apart due to the radical reforms the union’s leader, president Mikhail Gorbachev, put in place during his six years as the leader. Cuban leader, Fidel Castro, in a televised address he made in December 1961, addressed the people and commented that communism would remain a very prominent force in the politics of his country, Cuba.
Some analysts were of the opinion that Castro re-affirmed his support for communism because he wanted to get more Soviet assistance.
Shays' Rebellion was an armed uprising in Western Massachusetts and Worcester in response to a debt crisis among the citizenry and in opposition to the state government's increased efforts to collect taxes both on individuals and their trades. The fight took place mostly in and around Springfield during 1786 and 1787.
What can be inferred from the presence of serfdom in Russia in the 1800s was that Russia was not as developed as the rest of Europe.
<h3>What is the
presence of serfdom in Russia?</h3>
This referred to the form of relation between the Russian peasants and nobility in the 17th century especially in the central and southern of the Tsardom of Russia.
This shown that Russia was not as developed as the rest of Europe during the period.
Therefore, the Option 2 is correct.
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