The Seven Years War engulfed much of Europe and caused
conflicts in the Americas, West Africa, India and the Philippines. The war was
headed by two coalitions, the Kingdom of Great Britain and Kingdom of France.
The most significant effect is the British rise to power in the global stage, enabling
the island country to gain New France (colonies in Canada), Guadeloupe and
Martinique in the Caribbean, Menorca, Florida, and India.
The Great Compromise solved the problem of representation because it included both equal representation and proportional representation. The large states got the House which was proportional representation and the small states got the Senate which was equal representation.
A contract is an agreement, usually written out on a legal document, in which it states terms and agreements, as well as rewards that would be given at the end when the terms are met.
For example, a contract for assassination may be posted out in the black market. An assassin would then agree to take on the requirement of the contract. If it is met, the payment would be given to the assassin. If not, then the contract becomes void. This makes contracts important because the terms and everything is written down, and can be looked on for future references.
~
Answer:
The economy runs better without governmental involvement.
Explanation:
In the Wealth of Nations, Adam Smith lays out a very robust theory about how the economy works, this is why many economists consider him to be the Father of the economic science.
Adam Smith's main thesis was that people, acting own their own interest, were guided by the invisible hand, leading to positive results that benefited the whole of society, even if that was not the main goal of economic actors in first place (their main goal being furthering their own interests).
For this reason, Smith thought that most government intervention was unecessary, since according to him, economic actors tended to self regulate in the market, and to produce an optimal result for society. He did justify some government intervention though: in the military, in the judicial system, and in some basic social services in order to care for the poor, the elderly, and the sick.
