Tang Dynasty was able to strengthen China thru the efforts of its Tang Taizong and Empress Wu in which the former brought back China's government and the latter empowered women. The Song dynasty continued the good governance and elevated the military system thru systematized testing.
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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Explanation:
Steamboats positively affected the world because they made the transportation of goods more efficient and economical. Travel time was cut in half and was a compliment of the railroads, both for commercial and passenger transportation. Steamboats were independent of the wind speed and direction.
C. Discovering vaccination and microbial fermentation
A microbiologist who discovered microorganisms cause fermentation. Eg. leading to food spoilage
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