Answer: taxation without representation
Explanation:
The correct answer is: " Supply and demand regulate business"
According to the central thesis of The Wealth of Nations, the key to social welfare lies in economic growth, which is enhanced through the division of labor and free competition. According to this thesis, the division of labor, in turn, deepens as the extension of the markets and therefore specialization expand. For his part, Adam Smith considers free competition as the most ideal means of economics, stating that the contradictions engendered by the laws of the market would be corrected by what he called the "invisible hand" of the system.
In The Wealth of Nations, Smith assumes, in general, that the demand is relatively fixed in the short and medium term (depending ultimately on the number of people), and that, consequently, it is only the offer that makes the price go up or down
Answer:
Mandates
Explanation:
Areas of the Middle East and North Africa that were administered by a European power, with a promise and preparation for self-government and future independence were called mandates.
Answer:
Having to pay high duties on foreign sugar and molasses.
Explanation:
During the colonial era, especially from the mid-1700s, Britain began to carry out increasingly protectionist policies regarding its production, framed in the mercantilist concept of economic production. Mercantilism, in short, established that the wealth of a country is mediated in terms of its production of resources and its territorial extension, which allowed nations to accumulate wealth.
In this context, the British government began to prohibit its colonies from trading with other European nations (as this would benefit their economies), establishing commercial monopolies in the colonies, which implied a huge loss of rights on the part of the colonists, harming their economic and political freedoms.
