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The American system, characterized by a focus on manufacturing, infrastructure development, and a strong domestic market, fosters industrial growth by promoting efficiency and economies of scale. By investing in transportation networks like railroads, industries can expand their reach and reduce costs, encouraging trade and commerce. Additionally, protective tariffs can shield emerging industries from foreign competition, allowing them to thrive and innovate. Overall, this integrated approach creates a conducive environment for industries to grow larger and accumulate wealth.
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Under the mercantilist system the American colonies were supposed to?
provide England with necessary raw materials so that they can sell back the materials in the form of a product for more money, which made England richer
Economic system in which private businesses run most industries?
Capitalism is an economic system in which individuals and private businesses run most industries
What effect did the movement from subsistence to a market economy have on American society?
It caused a better transportation system to get goods to markets farther away. It helped the growth of service industries.
What is the economic system of bagobo tribe?
the economic system of bagobo tribe is they ar poor in the money but they are rich in the nature have you see that the bagobo is more richer all nature foods that's why they all strong and they could not sick!!!!
Witch of these describes the American economic system?
The American economic system is primarily characterized as a mixed economy, combining elements of both capitalism and government intervention. It features a free market where businesses operate with significant autonomy, but the government also plays a role in regulating industries, ensuring competition, and providing social welfare. This balance aims to promote innovation and economic growth while addressing social inequalities and market failures. Overall, the system encourages entrepreneurship and consumer choice within a framework of regulatory oversight.
What called for tariffs to stimulate growth of American industries?
American System
What called for a tariff to stimulate growth of American industries?
American system
Why did Henry Clay propose the American system?
why did Henry clay propose the American system
How does the American System of Government affect the people?
It makes the rich get richer and the poor get poorer, and it is also erasing what is left of the middle class.
The keystone to what Henry Clay called the American System was?
The keystone to what Henry Clay called the American System was a high tariff to generate revenue for the federal government and protect industries.
What does the North American Industry Classification System do?
It groups establishments into industries according to their primary economic activities
How big is the North American Industry Classification System?
In the manual North American Industry Classification System: United States, 2002 (NAICS: United States, 2002 ), there are codes for 1,179 U.S. industries
What is the main function of the American railworks?
The main function of american railworks is to lay the tracks or repair existing tracks for the american rail system. Railways are still a major transportation mode for most industries.
Under the mercantilist system the American colonies were supposed to?
provide England with necessary raw materials so that they can sell back the materials in the form of a product for more money, which made England richer
Should Low-Voltage develop a system to connect with TX Industries' Purchasing system Why or why not?
= "Should Low-Voltage develop a system to connect with TX Industries' Purchasing system Why or why not?" =
Economic system in which private businesses run most industries?
Capitalism is an economic system in which individuals and private businesses run most industries
What effect did the movement from subsistence to a market economy have on American society?
It caused a better transportation system to get goods to markets farther away. It helped the growth of service industries.
