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Nostrana [21]
3 years ago
14

Who introduced the concept of laissez-faire? introduced the concept of laissez-faire, which means government interference in the

functioning of an economy
Social Studies
2 answers:
Bogdan [553]3 years ago
7 0

Laissez-faire is the concept of the policy of minimum governmental interference in the economic system. This concept was first developed by Jean-Baptiste Colbert that was the finance controller of King Louis XIV of France. But, it was John Stuart Mill the responsible for bringing the philosophy into popular use. He wrote “Principles of Political Economy” which he developed arguments in favor of laissez-faire.

Adam Smith also defended in Britain that freely functioning economies were capable of bestowing benefits to all levels of society. Adam Smith’s ideas strongly inspired Americans and the philosophy reached its peak in the 1870s during the industrialization era.

klasskru [66]3 years ago
4 0

The policy of laissez-faire received strong support in classical economics as it developed in Great Britain under the influence of economist and philosopher Adam Smith.

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Answer:

Muir describes his traitorous journey he had to embark through the swamp and narrate how the trip was dangerous and uneasy. He uses words such as difficult, struggling, fear, extensive, crooked, brood heaps, faint, hungry and tangled to depicts the severity of the event. Muir uses diction with a negative connotation to elicit the fear and concern that he felt when he became worried whether or not he'd be able to make it out of the swamp before night.

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3 years ago
How did Hammurabi improve the economy of the Babylonian Empire?
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King Hammurabi was eighteen years when he became King of Babylon after his father's death and ruled between 1792 till 1750 BC.

The young king was not daunted by the task of being king of such a big kingdom and he immediately began to make peace treaties with strong and powerful neighboring countries and working on making the kingdom prosperous. He did this by undertaking several projects like strengthening the city walls, and new and better irrigation systems.

After he had defeated his enemies and neighboring countries, he established the first Babylonian Empire and went further to improve the city by building more temples, constructing canals and acqueduts.

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3 years ago
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3 years ago
Robert Nozick presents his entitlement theory as a function of three basic principles. What are these three basic principles? Wh
AysviL [449]

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Robert Nozick entitlement theory is a theory of justice.

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According to Nozick, the important part is how people got what they have. The result of the distribution of goods is not essential.The three basic principles of Nozick 's theory are:-

1. A 'principle of justice' in 'acquisition':- According to this, this is justification of how people own the common property.

2. A 'principle of justice' in 'transfer':- In this principle it is explained how one can acquire assets from another including gifts .

3. A 'principle of rectification' of 'injustice':- This principle explains that if there are any assets that are acquired unfairly, how can victim request for justice, how can it be rectified.

These principles are closely aligned with 'libertarian theory'.

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Cynthia has developed an informal hypothesis: "If a student is a psychology major, then that student favors gun control." She qu
Jobisdone [24]

Answer:

a. demonstrated confirmation bias.                                

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Confirmation bias: In psychology, the term confirmation bias is also referred to as confirmatory bias. It is the propensity of an individual to interpret or understand a particular piece of information in a way that satisfies or confirms his or her preconceptions and this often leads to creating statistical errors.

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In the question above, Cynthia has demonstrated confirmation bias.

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