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Zarrin [17]
3 years ago
9

Parliaments “ Power of the purse” meant that it has the ability to tax and spend money.

History
1 answer:
KIM [24]3 years ago
7 0

Answer:

True

Explanation:

It would be able to spend money because it would have power

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Answer:

I am Adam Smith

Explanation:

Dear Karl Marx

I write to you to explain, respectfully, why your economic theories are wrong.

First of all, capitalism is not doomed to fail as you say. Capitalism is the best economic system we have developed so far. Capitalism allows the free movement of goods and services, and the accumulation of capital, which leads to economic growth, and the subsequent rise in the standards of living. You yourself recognize this fact.

Secondly, capitalism is not fundamentally unfair. It is true that entrepreneurs tend to earn more than workers, but this is because they risk more than them: they risk their capital and savings, and if the business fails, they could find themselves ruined and in debt.

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Sincelery, Adam Smith.

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