Specie economy. Specie are precious metals and gemstones. It leads to hoarding. Capital flows in only one direction: from the site of extraction, the periphery, to the ruler, the core. This leads to economic slowdown and stagnation. That's all I could think of. I kind of went off on it after "specie," but specie isn't a complete description so that's why. I'm probably missing something huge.
We did have a gold standard up until 1972, when Nixon took us off of it. I guess that's another way to describe mercantilism: it's not a debt economy. In capitalism, capital is fluid, meaning it flows many ways, not just the one way as in mercantilism. Debt, then, creates profit. The government in a capitalist system wants to assume as much as the public debt as it can. It does not want a large stockpile of capital sitting inert in private hands. That is bad for democracy. The word is "inimical."
When the government borrows, it doesn't have to print money to finance ventures. Buying things like an aircraft carrier is a venture. Our investments in overseas oil fields are ventures. The interest on these kinds of things is enormous and is used to keep the economy rolling. You borrow, then you finance ventures to pay off your debtors. The deficit is the difference between what you borrow and what you pay back. A surplus means you borrowed more so you have more incoming than outgoing. A deficit can mean you are being fiscally responsible since it shows that you are borrowing less than you are paying back. A deficit is an indicator--AN indicator, depending on other things, but a strong one--of a strong or rising military.
Debt is more reliable for paying for war than specie is, and capitalism is a better engine for economic growth than class struggle. Both class struggle and mercantilism are closed systems, and that's what makes them fail. Mercantilism implies hoarding, and class struggle implies starving.
Answer: well you explain why you are writing the letter then wait shouldint you know how to do this you are making the paragraph
Explanation:
I believe the answer is: the introduction, the body, and the conclusion.
The introduction refers to the efforts that the speaker make to attract the attention of the audiences in the beginning of the speech, the body refers to the actual content of the speech, and the conclusion refers to final/core message that the speaker want to give to the audience.
The answer is Executive :) yw
Answer:
The clause's clarification indicates something which is given below.
Explanation:
- Thus, once during the past, circumstances were wonderful or horrible to the point that new methods forever produced a satisfactory or insufficient performance of the process.
- Recently, to the degree that perhaps the market method yields a reasonable again that insufficient rate of advantages, times are wonderful or bad. He proposes an emergency theory here and lets these springs out of another payment activity. As we'd like to believe, this is the worst aspect of the entire novel.
- The laborers do not and should not control and regulate the technological machinery and processes as well as private ownership gains, and company performance must always be supervised by the industry.
- The source of labor, or the working people, will therefore not become merged into the above-mentioned ideally whole coalition, such that at the moment when the last step in the consistent with organizational has indeed been taken, the violent grinding between some of the combined market resources and the centralized laborer continues.
