<span>A society (or country) might decide to produce candy or cars, computers or combat boots. The goods might be produced by unskilled workers in privately owned factories or by technical experts in government-funded laboratories. Once they are made, the goods might be given out for free to the poor or sold at high prices that only the rich can afford. The possibilities are endless.</span>
Tariffs can help domestics producers but can hurt consumers. Governments impose tariffs on imported goods and services to make them more expensive to consumers. Tariff provides revenue to the government and give a price advantage to domestic producers. While it protects domestic industries, it can also hurt foreign producers.
There are basically two systems, there is Capitalism and Socialism and most countries tend to use a combination of the two, known as a mixed economy.
Economic hardship and distrust of Virginia colonists who were unable to acquire land
