Answer:
The Revolution's most important long-term economic consequence was the end of mercantilism. The British Empire had imposed various restrictions on the colonial economies including limiting trade, settlement, and manufacturing. The Revolution opened new markets and new trade relationships.
Adam smith said that the free market economy is regulated by : C. Self interest and competition
In free market economy, all economic activities that happen purely based on the the amount of supply and demand. Self interest such as what products you desire, how much price you can afford it will affect the amount of demand, and competition between sellers will affect the price and the amount of supply
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General Motors recognized the United Automobile Workers Union.
