<span>Between 1959 and 2012, the percentage of elderly Americans living in poverty went from about 35 percent to about 10 percent.
There can be multiple reasons for that, one can be the social security program which ensures some basics for the elderly people, also the awareness and sympathy rose in between the years quoted and helped decrease the percentage. </span>
The protection of markets with excess labor refers to the erection of barriers to imports of products competing with local offerings in an effort to protect local jobs. This is found in the <u>"Arguments for Protectionism"</u> section.
<u>Explanation</u>:
Arguments for Protectionism were made to protect the national security value of the trade. The arguments for protectionism section comprise many protection measures. They are as follows:
i) Protection on markets with excess productive capacity
ii) Employment protection and protection of markets with excess labor
iii) Protection of consumers
iv) Infant industry arguments
v) National defense interests
Excess productive capacity in the markets can help in invoking the protection of local labor and preventing purchase from foreign countries.
Well, both of them have a head of government, both run off of constitutions, and often constitutional monarchies have elected officials similar to a republic.
