Money that has value because the government has declared that it is an acceptable means to pay debts is referred to as fiat money representative money commodity money uniformity

1. government controls industry through policy

2.government is both a consumer and a producer

4. government can use policy t influence economy

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industry had made the u.s. the richest nation in the world at this time. the second industrial revolution caused growth in industry and transportation, which allowed increased trade between nations. click to let others know, how is it