Answer:
An economic system is an organizational system of the resources and production of a given territory, generally a country. In other words, it is the method by which the economic production of a country and the benefits it produces are organized, regulated and distributed.
The two best-known economic systems today are capitalism and socialism. In the first of these, production is regulated through free competition and little or no state regulation, while in the second, state participation occupies a large part of the country's production.
There are marked differences between the two economic systems: for example, capitalism seeks capital investment through low taxes, and strictly respects private property; while socialism seeks high taxes for a further redistribution of economic capacity, and property rights yield to the common welfare.
Answer:
One Atlantic Revolution that supports the author's argument concerning empowered groups could be the Haitian Revolution.
Explanation:
The Haitian Revolution was a successful insurrection by liberated slaves against French colonial rule in Saint-Domingue. The freedom and self liberation of Haitian slaves directly relates to the plight of empowered groups, as discussed by the author.
Jedehiah smith was the one who discovered it i believe
Hamilton was part of the federalist era, and believed in using force against rebellion. Under Hamilton, the U.S. economy developed well as he helped America grow into an industrial power. Hope this is useful
