The purpose of the economic system is to allocate it's scarce resources. Since the resources are scarce (limited) something must be sacrificed to obtain something else. That is why nothing is free (there is no such thing as a free lunch). To use a resource for one thing is to not use it for another.
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The American Revolution was a time when the British colonists in America rebelled against the rule of Great Britain. There were many battles fought and the colonies gained their freedom and became the independent country of the United States. The American Revolutionary War lasted from 1775 until 1783.
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Effects of income inequality, researchers have found, include higher rates of health and social problems, and lower rates of social goods, a lower population-wide satisfaction and happiness and even a lower level of economic growth when human capital is neglected for high-end consumption.
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