Equity-efficiency tradeoff results when maximizing the productive efficiency of a market leads to a reduction in its equity—as in how equitably its wealth is distributed.
Virginia House of Burgesses
Explanation:
The first colonial legislature was the Virginia House of Burgesses, established in 1619. The colonies along the eastern coast of North America were formed under different types of charter, but most developed representative democratic governments to rule their territories.
Peculiar institution<span>. ... "(Our) </span>peculiar institution<span>" was a euphemism for </span>slavery<span> and its economic ramifications in the American South. "</span>Peculiar", in this expression, means "one's own", that is, it refers to something distinctive to or characteristic of aparticular<span> place or people</span>
Republic bc people and their elected representatives, and which has an elected or nominated president rather than a monarch.
You didn’t give us the facts, we don’t have anything to work with here.
