An economy is a system of making and trading things of value. It is usually divided into goods (physical things) and services (things done by people). It assumes there is medium of exchange, which in the modern world is a system of finance. This makes trade possible. Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. ... Indeed, economics is an important subject because of the fact of scarcity and the desire for efficiency.
Explanation:
Examples: The traditional economy that encompasses the customs and history of a nation to guide production and distribution of goods. Traditional economies are mostly based on agriculture, fishing, and hunting.
Option (4) They did not want president Johnson to punish the south
Explanation:
They did not want president Johnson to punish the south
The Radical Republicans believed that even the blacks were given the same political rights and opportunities as whites.
the first two years of Congressional Reconstruction saw Southern states rewrite their Constitutions and the ratification of the Fourteenth Amendment. Congress seemed fully in control. President Johnson was taking of that particular region. Radical leaders employed an extraordinary Constitutional remedy to clear the impediment — Presidential impeachment.
The Preamble is based on the belief that the Constitution is there to "form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare.” This is because the founding fathers wanted the government to be successful and the Constitution would be assistance in that process.
