According to Adam Smith, the desire to earn more money as a baker or another profession benefits society by generating free competition and developing the market, generating lower prices, higher quality of products and services, and faster production.
<h3>Who was Adam Smith?</h3>
Born in Edinburgh in 1723, Smith was a philosopher and economist who advocated economic liberalism. For him, it should have complete economic freedom to increase private initiative.
Through his ideas based on less state intervention in private property, Adam Smith was an influencer for the development of capitalism.
Therefore, in the Enlightenment period, Adam Smith instituted ideas in support of free trade, being supported by the bourgeoisie who were against the absolutism still practiced by the kings at that time.
According to his theory, liberalism would promote economic freedom that would regulate the market through free competition.
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Answer:
The executive branch only has powers that it can use to influence economic decision during crisis but can not expand it.
Explanation:
It must however be stated that the executive branch should be empowered and allowed to expand its constitutional powers so as to take proactive measures to stem down the crisis that might hit the nation so bad. The issue of waiting for deliberation by the congress may lead to delay as a result of different views from different political parties.
If the executive is allowed to expand its powers during economic crisis, the damage that ought to have been done might be slow down and bring back to normality based on the fact that the executive with its board members , parastatal , ministries are the ones that will be initiating and executing various policies to be adopted.
That would be the Carolingian dynasty. "Carolingian" is a word stemming from medieval Latin, "karolingi," meaning "descendant of Charles." ("Carol" and "Charles" are essentially the same name in different languages.) So those who came after Charles Martel in his family line get the name "Carolingian."
By the way, Charles "Martel" is Charles plus his nickname -- Carolus Martellus (in Latin) means "Charles The Hammer." Think of it like a wrestlers' nickname, but here we're talking a strong warrior who rose to power by winning battles.
Charlemagne, the most famous member of the Carolingian dynasty, is "Carolus Magnus" (in Latin) or "Charles the Great." Personally, I like to call him "Big Chuckie" ... but I think I'm the only one who refers to him that way. ;-)
The women urge their families to invest to sewing machines as this will allow them to make clothes of their own and in the same time, this will allow them to make clothes for the purpose of selling it to the market in order to earn money for themselves and for their family.
