Answer: Free Market = usually a good way to run an economy.
Government can help a Free Market.
A Country's Standard of Living is determined by Productivity.
Prices of Good go up when government prints money.
There is a temporary tradeoff between unemployment and inflation.
Explanation:Smith never uses the term “capitalism;” it does not enter into widespread use until the late nineteenth century. Instead, he uses “commercial society,” a phrase that emphasizes his belief that the economic is only one component of the human condition.
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They would punish them if they left.
2 and 3 are the ones that apply! I hope this helps!
The guilds , banks , and money system which began in medieval europe : Were the start of modern market economies and trade unions
Before the bank and money system, the merchants have to pay their goods with another goods in a barter system. This often create some dispute because of 'unfairness' . The money system allowed one specific currency as a standard to exchange goods and services and eliminate this unfairness
