If this is for an essay, you might want to read about Thomas Hobbes and the state of nature. He makes pretty bold claims about why human beings fight one another. Watch a video on it.
The correct answer to this open question is the following.
Some people think that if the government had greater control in regulating the economy, the Great Depression would not have happened. Others disagree. They believe that a free market economy lets consumer choices have the greatest say in the direction of the economy and produces the best outcomes for the most people. I agree with the first one because if you totally allow the market and people to dictate the flow of the economy, then you have those kinds of consequences. After the consumerism behavior of the "Roaring 1920s," most people bought things on credit. But the lack of some kind of government regulation took things to the extreme and that is when the United States stock market crashed on October 29, 1929, beginning the Great Depression.
I think the best position is a balance between government regulation is special or extreme conditions and letting the free market dictate the economy.
Answer:
A few people shared his beleif, but no one ever tested it.
Explanation:
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Answer:
Negative effect of Colonization and Encomienda
Explanation:
Colonization and Economieda had many positive impacts in Europe because they generated wealth for the mother country. Colonies provided raw materials and got access to labour at a fair price with no restrictions. But, it also had a negative effect as it exploited the land and its resources for their benefits. Colonization destroyed the culture of the Native Americans which was followed for hundreds of years before the arrival of European in the New World. Diseases also played a crucial role in weakening the Natives. Encomienda introduced by the Spanish in America as a labour system. The purpose was to captured Native Americans and used them as labour in fields and mines. The exploitation of natives led many to die because of hardship and torture.
The correct answer is mixed market economy.
A market economy is one in which the economy is completely dictated by the consumers and producers. In this type of economy, the government does not play any type of role.
America does not have a pure market economy, as there is government regulation in our economy. For example, the federal government uses agencies like the Securities and Exchange Commission in order to monitor the stock market. Another example would be the Federal Deposit Insurance Corporation. The FDIC regulates financial institutions, like banks.
This is why the US is considered a mixed market economy, because it has elements of a command economy but primarily consists of ideas from the market economy structure.
