1. Economic Indicators of the Gross Domestic Product (GDP)
It is an ever-changing, whirlwind phenomenon with long inputted variables within a country's economic landscape that could simply change with a single stroke of the pen. ... Laissez-Faire is a French term for "leave it alone" or "invisible hand" in economics, coined by 18th century Scotsman Adam Smith, who greatly influenced modern-day American capitalism. ... With the style of free-market that the Framers originally envisioned, helped to develop our modern-day economic system, which is broken into four separate sectors: household sector, business sector, government ...
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- Approx Pages: 5
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- Grade Level: Undergraduate