Answer:
<h3>the government gives entrepreneurs the right to purchase capital i.e.,land which can be used to sustain economic growth.</h3>
Explanation:
If governments can relax property rights and change the laws and policies of property rights in order to give individuals and firms more freedom, it will have a great impact in the economic growth of the country.
This is because if individuals or firms can purchase capital such as land, it will induce the entrepreneurs to take more risks to create new products, ideas, and more technology. Land can be used as an asset to mortgage or to avail loans to enhance productivity of the firms.
Answer:
By issuing the Declaration of Independence, adopted by the Continental Congress on July 4, 1776, the 13 American colonies severed their political connections to Great Britain. The Declaration summarized the colonists’ motivations for seeking independence. By declaring themselves an independent nation, the American colonists were able to confirm an official alliance with the Government of France and obtain French assistance in the war against Great Britain.
Explanation:
Answer:
The achievements of individuals who have worked to create wealth for themselves
Explanation:
A country is said to be wealthy according to how its citizens fare and how much they make. In the United States, the people who are considered wealthy are people who have worked legitimately for a period of time to amass wealth through various personal sacrifices and adequate planning.
This normally have a ripple effect on the economy in various sectors.
