According to the theory of supply and demand, the market is self-adjusting and companies compete by prices, so the government should interfere as little as possible in the economy.
The government of Ronald Regan followed this logic and was considered a neoliberal government, which advocates reducing the taxation of companies as a form of incentive to production and consequently to the supply of economy, since the productive activity of the companies corresponds to the aggregate supply of an economy (everything that goes on sale in the market).
In addition to the reduction in corporate taxation, the economic package called "Reaganomics" implemented a reduction in public spending, a reduction in income taxation and a deregulation of the economy. The consequences were economic growth, but with increasing social inequality between rich and poor.
Tyranny or Monarchy but i could be wrong. I think tyranny tho
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Ethnogenesis is the formation and development of an ethnic group. This can originate through a process of self-identification as well as come about as the result of outside identification.it refers to the observable phenomenon of the emergence of new social groups that are identified as having a cohesive identity
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true
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The replacement of iron with steel in the late 19th century was responsible for the building of the first
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Bacon's Rebellion also impacted the colonies economically. Taxes were reduced in the colonies. There were lots of efforts to improve the image of those who governed Virginia. Freemen were given their rights back to them.
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