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Which appreciates them less, to another which appreciates them more. Both parties
Voluntary exchange improve the position. Moreover, existence
Trade does possible specialisation and reduces costs of inventions and
Innovations that, in turn, increases riches of a society.... If
Trade is possible, on maintenance of means of subsistence it is required less
Resources, than in its absence. Since a paleolith the person improved the
Economic destiny by means of trade. A corner stone of serious studying
The economic past of people there should be benefits of trade. p. 18, Thomas, North and
The governments participate in set of undertakings favorable for trade: from
Release of the money used as a medium of exchange, before standardization of products,
Maintenances of harbours, beacons and construction of roads.
The fourth version of the governmental participation in an economic life -
This maintenance of schools and universities which lift educational level
Labour and through it promote manufacture growth.
The governmental requisitions can negatively affect the economic
Activity when the political sector withdraws means for kinds of activity,
Not concerning an economy. Besides, the government burdens
Economy partly at the expense of the costs of regulation imposed on the economic
Life the state. Such forms of regulation entered with orientation on
The blessing of one segment of a society, can lay down additional burden on
Other segments. Besides, superfluous regulation can become the reason
Braking of economic growth. Thanks to the control over army
The political authorities have possibility to appropriate any share
The made product, and if this share appears excessive, it is necessary to them
To test some negative consequences Journal of Economic History 33, it 1 (March 1973): pp.
203 - 221, Richard Bean, "War and the Birth of
the Nation State ". The general manufacture can be reduced, thus a part of manufacturers
Can pass under jurisdiction of less exacting state, and result
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