The Enlightenment was a period in world history that roughly corresponds with the eighteenth century, originating in the nations of Britain, France, and the German-speaking kingdoms and then spreading to the rest of Europe and the European colonies. It was a period when philosophers such as Rousseau, Voltaire, and Locke advocated ideas of political freedom, which ultimately influenced movement toward more democratic and republican governments in the late eighteenth and early nineteenth centuries. Although the Enlightenment is known today more for the political ideas that came from it, there were also major changes in economic theories and practices that took place within the milieu of the Enlightenment.
Answer:
smith stated in his theory that the free market economy is governed by "invisible hand", this stands in opposite argument of the free market economy which stated that the free market is governed by supply & demand
He Was Awarded The Nobel Peace Prize
The Justinian
Code was created in order to create one single set of laws for all of the
Byzantine Empire. This code was extremely important because it served as the
basis for everyday actions within the empire including marriage, criminal
justice, slavery, and property rights. Along with this, the code ended up
serving as the basis for the laws of the Byzantine Empire for the next 900
years. Countries all over world use ideas from Justinian Code's in order to
form a comprehensive set of laws. The four sections of the code are the Codex
Constitutionum, Digesta, Institutiones, and the Novella Constitutiones Post
Codicem.
Answer:
Vietnam - consists of primarily low=wage and low-skilled jobs
Singapore - has become a leading financial center
Malaysia - the world's leading producers of semiconductors
Explanation:
Southeast Asia is a very interesting region from every perspective, including the economy. Some nations are still oriented mostly toward agriculture, some depend on oil sales, some are financial centers. All in all, all of the nations in the region have seen significant development in the past couple of decades. Vietnam is still a country where the wages are low, and the majority of the labor force is low skilled, but the country still manages to have quick economic growth, mostly because of the foreign investments. Malaysia's economy is mostly consisted of two totally opposite economic sectors, one is the agriculture, and the other is the high-tech industry, both of which bring in a lot of income for the country. Singapore is a city-state. But despite its size, it has become an economic giant. The country is located in an excellent position, and its economy is mostly based around high-tech equipment, innovations, banking.
