Answer:
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Explanation:
Fall of Bastille, march to Versailles and flight to Varennes are the three major events which highlighted that the people were not ready to accept monarchy form of government.
Explanation:
Angry people marched to the Prison of Bastille which imprisoned the political prisoners. Many people attacked the prison and there was huge chaos on the streets because french men wanted to depose the despotic monarch King Louis XVI.
Many people were mostly unemployed and hungry and they started to march towards the palace of Queen Marie Antoinette who lived amidst of all luxuries and lent a deaf ear to the hardships of the civilians. National assembly was formed which had the overruling power against the King. These restrictions were disgusted by the king and they decide to take refuge in Austria which urged them to denounce revolution. All these incidents highlighted the power of monarch and the people were against the despotic french monarch.
Smith is also known for creating the concept of gross domestic product (GDP) and for his theory of compensating wage differentials. 2 According to this theory, dangerous or undesirable jobs tend to pay higher wages as a way of attracting workers to these positions.
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