His political theory of government by the consent of the governed as a means to protect the three natural rights of “life, liberty and estate” deeply influenced the United States' founding documents.
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This system provided an easy way for poor to own land. This system required no cash investment. This system eliminated debt. This system gave the poor a low interest rate.
The welfare of a country depends on various factors, including access to education, health, the right to security, low unemployment rates among others.
There are different indicators created in order to effectively measure welfare in a country. The GDP (Gross Domestic Product) per capita, shows the amount of income after it has been evenly distributed among all of the citizens of a country. This, however, does not assess the issue of determining if, in fact, the income is being distributed equally. For this purpose, there is another indicator called the GINI index, which measures the actual equality in the distribution of income among the citizens of a country.
Answer:
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