Limited government is defined as a governing or controlling body whose power exists only within pre-defined limits that are established by a constitution or other source of authority.
Britain was able to become a global power through fighting for the territories it fought for and its economic strength and dominance aided in the domination
The Babylonian economy was largely based on agricultural surplus (due to irrigation systems) and trade. They traded both crops and goods like gold, silver, etc.
Because she made the first American flag
According to the theory of supply and demand, the market is self-adjusting and companies compete by prices, so the government should interfere as little as possible in the economy.
The government of Ronald Regan followed this logic and was considered a neoliberal government, which advocates reducing the taxation of companies as a form of incentive to production and consequently to the supply of economy, since the productive activity of the companies corresponds to the aggregate supply of an economy (everything that goes on sale in the market).
In addition to the reduction in corporate taxation, the economic package called "Reaganomics" implemented a reduction in public spending, a reduction in income taxation and a deregulation of the economy. The consequences were economic growth, but with increasing social inequality between rich and poor.
