Globalization is the spread of products, technology, information, and jobs across national borders and cultures. In economic terms, it describes an interdependence of nations around the globe fostered through free trade.
Answer:
Explanation:
Monarchies originated for a newly founded society to function with a leader at the top. They originated at around 3000 BCE most likely in Egypt or Sumer and kings and queens held a divine status there and in many countries after them.
It is difficult to change a type of government in general because that requires changing many parts of how that particular society works. And since the monarch class holds most or all power in a given state it is very hard to convince them that they should stop ruling. This is why violent revolutions against absolute monarch rule happened many times in history.
Adam Smith (1723 – 1790) was a Scottish economist. In 1776, he published The Wealth of Nations, which became the foundation of modern economics.
Smith saw the first duty of government was to protect the nation from invasion. Next, he supported an independent court system and administration of justice to control crime and protect property. Finally Smith favoured a system of “public works” that profits-seeking individuals may not be able to efficiently build and operate.
At the beginning stages of industrialization, Smith recognized that repetitive factory jobs dulled the minds o workers. Smith wanted all classes, even the poorest, to benefit from the free-market system. This is why I think Adam Smith would agree with government interventions with businesspeople like Social Security, minimum-wage laws, child-labour laws and anti-monopoly laws.
