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Softa [21]
2 years ago
7

Explain the basic principles of capitalism, as outlined by Adam Smith in the late 18th century

History
1 answer:
scoundrel [369]2 years ago
6 0

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.

Hope this helped!! Brainly plz?

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2 years ago
Why is the Texas government similar to that of the United States?
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In many ways, the U.S. and Texas Constitutions are similar documents. They both embody the principles of representative democratic government, in which sovereignty emanates from the people. Both contain a bill of rights that protects civil liberties from government infringement

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4. In a short paragraph, describe the transition of Rome from a republic to an empire. What was the republic like, and what caus
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Over a period of nearly 200 years, however, the plebeians fought for and gained power within the government.

At the heart of the Roman Republic was the Senate. The Senate advised on matters pertaining to rules governing the city and population. In the republic, members of the patrician class served as advisers to the other governing bodies of the republic. Although the Senate did not formally make laws, the prestige of its members gave the Senate great influence over Rome’s law-making bodies.

The Senate lasted as a sole governing body for the republic for only a brief time, lasting from the republic’s founding in 509 B.C.E. until 494 B.C.E., when a strike orchestrated by the plebeians resulted in the establishment of the Concilium Plebis, or the Councilof the Plebs. This gave the plebeians a voice in the government. As a result, new legislative, or law-making, bodies of the Roman Republic were formed. Called assemblies, these legislative bodies shared power in the following ways:

           Comitia Centuriata — This body decided about war, passed laws, elected magistrates (consuls, praetors, and censors), considered appeals of capital convictions, and conducted foreign relations.

           Concilium Plebis — This body elected its own officials and formulated decrees for observance by the plebeian class; in 287 B.C.E., it gained the power to make all decrees binding for the entire Roman community.

           Comitia Tributa — The tribal assemblies, open to all citizens (who only could be free, adult males), elected minor officials, approved legislative decisions often on local matters, and could wield judicial powers but could only levy fines rather than administer punishment.

Leading the republic were two consuls who were elected by legislative assemblies. They served for one year, presided over the Roman Senate, and commanded the Roman military. Though their power was somewhat limited by the establishment of other magistrate positions, the consuls were effectively the heads of state.

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2 years ago
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3 years ago
List some important events of the revolutionary war...
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Answer:

The Stamp Act (March 1765)

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The Boston Massacre (March 1770)

The Boston Tea Party (December 1773)

The Coercive Acts (March-June 1774)

Lexington and Concord (April 1775)

Explanation:

5 0
3 years ago
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