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How was to American system expected to unite the nation's economic interests?
Market for northern industry and southern agriculture
What are two major economic problems that have an effect on the nation and individual citizens?
Poverty and Crime
What type of national interests does every nation have?
all nations try to protect the interests of the nation as a whole.
In this system workers are most productive and a nation's economy functions most efficiently when people and businesses can pursue their economic interests privately?
laissez faire
In this system workers are most productive and a nation's economy functions most efficiently when people and businesses can pursue their economic interests privately.?
laissez faire
What was mercatilism?
An economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests commerce: transactions (sales and purchases) having the objective of supplying commodities (goods and services)
When the US Constitution established that the entire nation was a unified or common market how was the economy affected?
When the U.S. Constitution established that the entire nation was a unified or common market, the economic effect was that there were no internal tariffs or taxes on interstate commerce. Increased trade between the states led to economic growth for the entire nation.
Role of advertising in a developing economy?
advertising is a sub system of economic system of nation. advertising in the developing countries like india, plays an important role in economy. Advertising has various positive and negative economic aspects. POSITIVE ASPECTS A) Effect on costs 1. Effect on production cost 2. Effect on distribution cost 3. Effect on prices B)Effect on demand C)Effect on Competition D)Effect on consumer choice E)Effect on Business cycles F)Effect on Nation income G)Effect on Employment Positive Social Effects 1. Information 2. Material Utilities 3. Production 4. Consumption 5. Socio-Economic Welfare
After independence was won where did the new nation turn its interests?
It depends on which new nation we are talking about.
What was the effect of the state constitutions and the articles of confederation upon the dominant economic classes?
every powerful economic class in the nation suffered either immediate losses or from impediments placed in the way of the development of their enterprises
Is the economic system that equates a nation's wealth with the amount of its gold and silver?
Mercantilism is the economic system that equates a nations wealth with the amount of its gold and silver. Mercantilism was in effect from the 16th to 18th century in France.
Effect of archipelago shape of the nation?
The shape of an archipelago can affect transportation and communication between islands, potentially hindering connectivity and accessibility. It can also influence the distribution of resources and economic activities in different parts of the nation. Additionally, the shape of the archipelago can impact the vulnerability to natural disasters such as tsunamis or typhoons.
