A free enterprise economy include the consumer spending. Consumers provide a significant portion of a nation’s economic growth. Therefore, consumers are an important part of a free enterprise economy.
Answer:
The type of society that uses a traditional economic system would typically be an ethnic group or tribe. The traditional system is not typically used on a national level. Traditional economic systems answer basic economic questions by use of ritual, habit, or custom.
Explanation:
Answer:
Provided tremendous stimulus to American manufacturing. It encouraged American manufacturers to produce goods previously imported from overseas. By 1816, 100,000 factory workers, two-thirds of them women and children, produced more than $40 million worth of manufactured goods a year.
Explanation:
The significance of Marbury v. Madison was that it was the first U.S. Supreme Court case to apply "Judicial Review", as well as the fact that it allowed the Supreme Court to rule laws as unconstitutional.
