Answer: The central government oversees finance, commerce, national defense
The British had tons of internal and domestic problems to face their own, so basically from the beginning (early 1600's) they entered into a period of salutary neglect (where they didn't enforce their own laws)
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stagflation is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment, and vice versa.
In managerial accounting and cost accounting, production costs are the direct materials, direct labor, and manufacturing overhead used to manufacture products. The production costs are also referred to as manufacturing costs, product costs, a manufacturer's inventoriable costs, or the costs occurring in the factory.