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.
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It was because Adolf Hitler was in charge of Germany at that time and wanted to conquer many countries
Answer:
Natural Resources: materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain:
Diversification: the action of diversifying something or the fact of becoming more diverse:
Trade:the action of buying and selling goods and services:
Import: bring (goods or services) into a country from abroad for sale:
Export: send (goods or services) to another country for sale:
Efficient: (especially of a system or machine) achieving maximum productivity with minimum wasted effort or expense:
Risk: a situation involving exposure to danger:
Explanation:
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Answer:
The Romans divided their laww into jus scriptum and jus non scriptum. jus scriptum is written law and non jus scriptum is non written law.
Explanation:
laws based on any written source.
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