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Naddika [18.5K]
3 years ago
9

How did the Embargo Act actually harm the American economy?

History
1 answer:
ELEN [110]3 years ago
8 0
Embargo is spaish for taxation: If you were to charge your parents for doing chores they would just decide to do it themselves right? Therefore, if a government begins to charge people for any service provided or for every food that they buy, then people will riot and begin to buy from an outsourcer or just not buy at all, hurting that "water-life" motion of finance and economy that still marks our financial security today!
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They shouldn't continue to have to live in Great Britain with King George 3rd and their king. They deserve freedom from crazy taxes and they are tired of the government  

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3 years ago
Compare the ways in which command economics and market economics effect a workers life?
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Market Economies are focused around making a profit and Economic Efficiency. Basically, people will be rewarded based on how well resources are allocated among the public. For example, take a parking lot like downtown. Generally in a Market economy, we focus on placing as many cars in the lot as possible and using the space to its full potential. However, in a Command, many in these economies will try to allocate the space so that (strictly for example) 3 small, 3 large, and 3 medium vehicles are parked- thus economic equality.
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Hope it Helps!
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3 years ago
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