The Coase Theorem says that, in an economic transaction with externalities, if property rights are well defined and if the transaction costs are low enough, then the private solution is socially optimal, with no need for government intervention to correct the situation externality, which is a market failure. The government's only role would be to ensure that property rights are well defined and that free trade flows without transaction costs.
Coase's theorem, shows how the role of institutions, especially legal ones, are important for the proper functioning of the market economy.
"<span>Military power shifted away from European nations" is the best option since it was this very military power that allowed the European nations to be so dominating.</span>
Government in the 1850's tried to be fair (as fair as you can be with slavery going on) by keeping pretty much half of the country free for all people and the rest sticking with slavery
I would use GooGle and look up boat rental companies and check the route they are going
N India, the government favors the building of dams in order to<span> 'c: reduce dependency on irrigation.'</span>