How did the rise of efficient bureaucracies influence the creation of the nation-state?

A nation-state needs a stable government to develop. People need to know that the government will remain constant even after the head of state is gone. In order for this to occur, countries needed laws that would remain constant, standing armies, efficient bureaucracies to collect taxes, courts to administer justice, etc.

answer; philip morin freneau

he risk-return relationship. generally, the higher the potential return of an investment, the higher the risk. there is no guarantee that you will actually get a higher return by accepting more risk. diversification enables you to reduce the risk of your portfolio without sacrificing potential returns.

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