Answer:
The statement is describing the usual difference in trade policy that exists between monarchies and republics.
Explanation:
The excerpt comes from the Spirit of the Laws, by Montesquieu, who was a French philosopher who promoted republicanism and liberalism.
In the text, Montesqueiu is explaining than in monarchies, trade is very restricted, and is usually only allowed for luxury goods like perfums, spices, or silk clothes, because these goods are used by the nobility as a symbol of their power and status.
In monarchies, for the rest of the population, trade is restricted. The common people therefore cannot access goods from abroad, or can only do so at a very high cost.
In republics, Montesquieu says, trade tends to be more open. Merchants become the ones who do most of the trade, guided by their economic ideas. The merchants therefore obtain many goods from abroad, that both the nobility and the commoner can acquire for a lower price.
In conclusion, Montesquieu is using the argument for trade as another reason to support republics over monarchies.
The first bubble because most of the inventions Americans made was for industrialization during the Industrial Era.
Answer:
Deregulation has many advantages, which vary by industry. Some of the main advantages are: It generally lowers barriers to entry into industries, which assists with improving innovation, entrepreneurship, competition, and efficiency; this leads to lower prices for customers and improved quality.
Explanation:
