Answer: Sumptuary laws (from Latin sumptuāriae lēgēs) are laws that try to regulate consumption. Black's Law Dictionary defines them as "Laws made for the purpose of restraining luxury or extravagance, particularly against inordinate expenditures for apparel, food, furniture, etc." Historically, they were intended to regulate and reinforce social hierarchies and morals through restrictions on clothing, food, and luxury expenditures, often depending on a person's social rank.
<span>The government controls all major aspects of the economy . In a command economy, it is the government that decides what to produce, how to produce goods and how to distribute goods and services within the economy. </span>
In a mercantilist system, a country tries to increase its "exports" and to decrease its "imports," since this means that the country is making more than its spending (at least in theory).
One way that American socialists differs from European
socialists was because the American socialists did not advocate for government
ownership of businesses in which had created a huge difference or wide gap in
differentiating both of the socialist and how they are not similar.
