Which idea is most closely associted with laissezfaire economic?
There are some similarities between mercantilism and economic nationalism, specifically in the idea that the purpose of the economy is to propel and enhance the power of the nation-state. However, mercantilism holds certain economic beliefs which are not necessary in nationalism, such as the idea of zero-sum world trade and objective value of and desire to collect bullion. So, mercantilism and economic nationalism, while similar, are not the same.
How can you get evaluation of an energy system idea in terms of engineering feasibility and economic feasibility?
Was Alexander hamilton economic plans for the new government was founded on the idea that congress must pay off the war debt true or false?
Basically the same ideas based from laissez-faire (the idea of little or no government interference in economic activities) coming from Enlightenment thinkers such as Adam Smith. The term itself comes from what was on the minds of these Enlightenment thinkers and economists of the eighteenth century who were open to new economic ideas and thought.
Free market economic systems encourage competition and entrepreneurship through the idea of free choice with little to no government interference or barriers. This is contrast to strict command market economic models such as Stalinism and War Communism where commercial questions are strictly under state control.
Cities are engines of economic growth because they have the ability to offer incentives to businesses so that they will build and develop in the city to provide jobs. A city is run by the people who elect officials to represent them. Offering incentives to people is also a good idea for economic growth.