Adam smith’s principles of economics were modified in 1803 by Jean-Baptiste Say, a French businessman, who wrote a treatise on political economy.
<h3 /><h3>What is economics?</h3>
The investigation of shortage and how it influences resource utilization, service and product productivity, income changes, and wellbeing through time is called Economics.
There are mainly three types of economic system which includes capitalism, socialism, and mixed economic system depending on various countries.
Jean-Baptiste Say, a French entrepreneur who published a book on politics and economics, modified Adam Smith's economic principles, which include the laws of self-interest, competitiveness, and both supply and demand, in 1803.
Learn more about Jean-Baptiste Say, here:
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These strict policies reflect the following characteristic of an unlimited government:
5. restrictions regarding freedom of expression
Explanation:
Here are following
- bankruptcy
- financial risks
- competitive risks
- environmental risks
- reputational risks
- political risks
- economic risks.
<u>types of entreprenuership</u><u>:</u><u>-</u>
- small business
- scalable startup
- large company
- social entrepreneurship.
Monroe Doctrine, (December 2, 1823), cornerstone of U.S. foreign policy enunciated by Pres. James Monroe in his annual message to Congress. Declaring that the Old World and New World had different systems and must remain distinct spheres, Monroe made four basic points: (1) the United States would not interfere in the internal affairs of or the wars between European powers; (2) the United States recognized and would not interfere with existing colonies and dependencies in the Western Hemisphere; (3) the Western Hemisphere was closed to future colonization; and (4) any attempt by a European power to oppress or control any nation in the Western Hemisphere would be viewed as a hostile act against the United States:
Answer: <em>Option (B) is correct.</em>
Explanation:
The Olmec is known to be the first major civilization and also one of the earliest known civilization in Meso-America, which was under a dynamic development in the city of Soconusco. The individuals usually lived in the tropical valley on the Gulf of Mexico which nowadays is known as the Veracruz and Tabasco, currently in Mexico. The name Olmec is originated from the Aztec language, meaning the rubber person.