Adam smith’s principles of economics were modified in 1803 by Jean-Baptiste Say, a French businessman, who wrote a treatise on political economy.
<h3 /><h3>What is economics?</h3>
The investigation of shortage and how it influences resource utilization, service and product productivity, income changes, and wellbeing through time is called Economics.
There are mainly three types of economic system which includes capitalism, socialism, and mixed economic system depending on various countries.
Jean-Baptiste Say, a French entrepreneur who published a book on politics and economics, modified Adam Smith's economic principles, which include the laws of self-interest, competitiveness, and both supply and demand, in 1803.
Learn more about Jean-Baptiste Say, here:
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<span>What was the result of farmers protesting the whiskey tax in 1794?
Answer: B The tax was lowered</span>
Locke's Second Treatise on Civil Government.
Locke quarreled for the belief that the individuals are conclusively the reference of powers in supervising, Thus the individual also has the freedom to dismount a party that is not suitably accepting the nation's people. John Locke was discussing the concept of a "social contract." According to his opinion, a government's capability to administer by the permission of the people. This was a transition from the unfounded beliefs of "divine right monarchy" that a king governed because Lord designated him to be the leader. Locke discarded the acceptance of the spiritual right government in his First Treatise on Civil Government. In his Second Treatise on Civil Government, Locke contended for the benefits of the people to organize their ministries according to their wishes and to protect their personal life, education, and resources.
Answer: B totalitarianism
All of the rest, excluding this one, would be a form of government that is widely used and also authorized.
