By “inflation is like taxation without legislation” Morgan Friedman meant like inflation gets new money into economy and raises revenue, does not mean that it is a part of the legislation.
<u>Explanation:</u>
Inflation means rise in the prices of the goods and services of the economy at a continuous rate. With the increase in the prices, the revenue of the government also increases and new money also comes in to the economy, just like tax is a source of revenue for the government. But this does not mean that inflation is a part of the legislation or a part of the law, like the taxes are a part of the legislation.
At the turn of the twentieth century, England was experiencing a Great Economic recession
During this period, England experienced the greatest economic problem in its history, with almost 70 % of its people loss their job due to massive cutbacks from England's companies
Answer:Each of the thirteen colonies had a charter, or written agreement between the colony and the king of England or Parliament. ... 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.
Explanation:
Answer:
Mediterranean climate
Explanation:
Mediterranean climate, which is characterized by mild, wet winters and warm, dry summers, with ample rainfall of approximately 400 to 600 mm per year.
ps sorry is this didnt help
