According to the theory of supply and demand, the market is self-adjusting and companies compete by prices, so the government should interfere as little as possible in the economy.
The government of Ronald Regan followed this logic and was considered a neoliberal government, which advocates reducing the taxation of companies as a form of incentive to production and consequently to the supply of economy, since the productive activity of the companies corresponds to the aggregate supply of an economy (everything that goes on sale in the market).
In addition to the reduction in corporate taxation, the economic package called "Reaganomics" implemented a reduction in public spending, a reduction in income taxation and a deregulation of the economy. The consequences were economic growth, but with increasing social inequality between rich and poor.
Answer:
The major causes of World War II were numerous. They include the impact of the Treaty of Versailles following WWI, the worldwide economic depression, failure of appeasement, the rise of militarism in Germany and Japan, and the failure of the League of Nations.
Explanation:
It wasnt good they were forced to work! they didnt have money, most children couldn't afford education and more. once again it was good if u want more information maybe go online to find out more information on enslaved people.
<span>George Santayana is the answer my friend.</span>
Answer: decreased the use of pesticides in farming.
Explanation:
It is about research technology transfer initiatives occurring between 1950 and the late 1960s.
