The system kept many farmers in debt to merchants and banks.
The standard of living is improved through something called "comparative advantages", which means that, relative to the nations' total output and ability to make other things, each nation produces something that they're better at making than the other. When the nations trade, they are able to use these comparative advantages to create a more efficient, productive economy.
Even if one nation is wealthier or better off than the other, this principle means that both countries can still become better off through trade.
Explanation:
The United States in 2020 experienced the biggest rise in murder since the start of national record-keeping in 1960, according to data gathered by the F.B.I. for its annual report on crime.
The Uniform Crime Report will stand as the official word on an unusually grim year, detailing a rise in murder of around 29 percent. The previous largest one-year change was a 12.7 percent increase in 1968. The national rate — murders per 100,000
