The advantages of modernization theory are that it accurately describes a process common to the development of different societies.
common law
Britain and the colonists
Explanation:
- The development of the British colonies, which until the mid-18th century. st. achieved considerable self-government, it was constrained by the arbitrary taxation of the colonists (Stamp Act of 1765, Townshend Act of 1770), who in the 1760s began to resist the centralist and mercantilist policies of British rule.
- Thus, in 1765, the Sons of Liberty were founded in New England, and in the same year the Stamp Act was enacted.
- Congress refused all extraordinary taxes, a boycott of British goods was declared, and is the accepted principle of the No taxation without representation policy of the American colonies.
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Answer:
How many words is required
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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