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The government should place a tariff on manufactured goods from abroad.

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13y ago

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What is the relevance of the private sector in an economy?

The relevance of the private sector in the economy is to supplement the government. The private sector helps grow the economy by creating job opportunities in a given economy.


How did the economy develop under the guidance of Alexander Hamillton?

Hamilton was part of the Federalist Era, and believed in using force against rebellion. Under Hamilton, the U.S. economy developed well as he helped America grow into an industrial power.


Who said only by promoting manufacturing and commerce can our economy grow and prosper?

The sentiment that promoting manufacturing and commerce is essential for economic growth and prosperity has been echoed by various economists and political leaders throughout history. One notable figure who emphasized this idea was Alexander Hamilton, the first Secretary of the Treasury, who advocated for a strong manufacturing base in his "Report on the Establishment of a Mint" and other writings. His arguments laid the foundation for American economic policy that values industry and trade as key drivers of national wealth.


What is relative growth and decline by sector?

over time whole sectors can grow or decline it also means a sector is doing better or worse compared with other sectors. it may be growing relative to other sectors but still not doing well.


What are the declines of the primary sector?

It has increased because the primary sector and secondary sector have decreased. They have decreased because machines have taken over the employees jobs, and so they find work in the tertiary sector. Also because more products are being made every day, and these need places to be sold. the primary sector has decreased rapidly through time, from 1980 to 2002 the employment rate for primary industries has decreased by over 65%. the secondary sector has decreased but first off it increased, and the tertiary sector anly came along way after all of this because most people used to grow their own food and stuff. oh and sharky

Related Questions

What is poultry sector?

The poultry sector is the grouping of companies that sell, grow, and market chickens and poultry (chicken meat).


Where did the evers swindell twins grow up?

hamilton


Where did Virginia Hamilton grow up at?

greenville, Ohio.


Which sector contribute max in deciding the growth in income of the state of India?

Servive Sector is doing to grow the states in India


What is the relevance of the private sector in an economy?

The relevance of the private sector in the economy is to supplement the government. The private sector helps grow the economy by creating job opportunities in a given economy.


What did Alexander hamilton believe his plans for the nations economys would do?

Hamilton believed that his policies would make the nation strong and united for the first time. America would transform from being deeply indebted nation into a wealthy nation that could grow it's manufacturing base, expand commerce and defend itself against the intrigues of other nations.


What did Alexander Hamilton believe his plan for the nation would do?

Hamilton believed that his policies would make the nation strong and united for the first time. America would transform from being deeply indebted nation into a wealthy nation that could grow it's manufacturing base, expand commerce and defend itself against the intrigues of other nations.


How many brothers and sisters do Virginia Hamilton have?

Virginia Hamilton did not have any brothers or sisters but she did grow up with a large family


What the Alexander Hamilton believe His plan for the national economy would do?

Hamilton believed that his policies would make the nation strong and united for the first time. America would transform from being deeply indebted nation into a wealthy nation that could grow it's manufacturing base, expand commerce and defend itself against the intrigues of other nations.


How much does a farmer get paid to grow potatoes for a manufacturing industry?

$6


From 2002 until 2012 which of these areas of employment is not expected to grow?

Manufacturing.


How did Jefferson's and Hamilton's views on how to promote economic growth differ?

Jefferson thought that "Those who labor in the earth are God's chosen people..." So he thought that the nations well being would depend on farmers, not on banks, merchants, and business. Hamilton thought the opposite. He believed that the nation would grow stronger with a great economy, full of business, manufacturing, and trade.

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