Early mercantilism meant primarily aiming to reduce imports. This issue is related mainly to articles of luxury. The mercantilists believed fact that the foundation of the wealth of the state is a positive trade balance - the dominance of exports over imports. Source of such beliefs lay still in the medieval practice of governance - the monarchs gather financial reserves necessary for an effective policy. <span>However, in the developed theory of mercantilism, welfare of the residents and the strength of the state directly combined with the development of the industry. It is associated with it hopes for economic self-sufficiency of the country. In addition, the mercantilists preached direct relationship between economic power of the country's human potential.</span>
hope this helps State-based representational conflicts, however, coexisted with regionally-based conflicts. In fact, the struggle to reconcile the place of slavery in the new republic had more influence on the enumeration of federal tax authority in the Constitution than any other issue. The perplexing approach adopted with respect to direct taxation attested to slavery's impact.
Article I, Section 2 provided that "representatives and direct taxes shall be apportioned among the several States which may be included within this Union, according to their respective numbers, which shall be determined by adding to the whole number of free persons . . . and excluding Indians not taxed, three-fifths of all other persons." Similarly, Article I, Section 9 stated that "no capitation or other direct tax shall be laid, unless in proportion to the census or enumeration herinbefore directed to be taken." The insertion of the direct tax clauses was not designed to protect the taxing power of states against the Federal government, or that of richer against poorer states. The delegates sought this compromise, rather, as a means to account for slaves when determining the number of southern congressional representatives. goodluck
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Private property refers to a kind of system that allocates particular objects like pieces of land to particular individuals to use and manage as they please, to the exclusion of others and to the exclusion of any detailed control by society. In legal terms it's usually a designation for the ownership of property by non-governmental legal entities. Private property is distinguishable from public property, which is owned by a state entity; and from collective (or cooperative) property, which is owned by a group of non-governmental entities Certain political philosophies like socialism and anarchism make a clear distinction between private and personal property while others blend the two together. Private property is a legal concept defined and enforced by a country's political system
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