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The Townshend Acts were repealed by Britain's Parliament by the efforts of Prime Minister Frederick North, with the exception of the increased duties on imported tea. The American colonists, in turn, stopped their embargo on British imports.
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A strong navy, used in concert with allied nations and backed up by a vigorous economy, is a potent deterrent to conflict and enables diplomacy. It convinces adversaries that war is either unwinnable or too costly to wage
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Business provides people the means to make money. It provides the machinery, merchandise, and space needed in order to sell or produce a good for people to consume. Labor provides the human capital for business. People are needed in order to provide the physical and/or mental labor needed in order to produce a good.
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