Answer:
During an unanticipated inflation, debtors get hurt less than creditors because they repay their loans with less worthy money. Therefore, creditors could avoid being hurt more than debtors during period of high inflation by increasing interest rates of loans. Which will secure the value of borrowed money.
Explanation:
Answer:
Ang kalakalang galyon ay siyang nagpapayaman sa mga tao dahil ang mga produkto ay iniluluwas sa ibang bansa at pera ang kapalit. Dahil dito nakapaglakbay ang mga tao sa ibat ibang panig ng mundo
Answer:
Legislature, Executive and Judiciary
Explanation:
In the 18th Century Montesquieu said that these three branches of government should exercise only its function, and that would lead to what he believed liberty is.
In its major work, the Spirit of Law (L'Esprit de Lois, 1748), for the first time, he emphasized the idea of the separation of powers into executive-administrative, judicial and legislative, as is still known today in the practice of democratic states. He is also known for his concept of federalism. In the aforementioned section, he also talked about how different geographical conditions can influence the character of the rule. Many of his ideas will be found in the French Declaration on the Rights of Man and Citizen.