Lay a 4- to 6-foot beam level on your floor. Check the bubble in the horizontal tube in the level to ensure it floats between the two vertical lines. If the bubble isnât floating between the lines, adjust the level until the bubble floats between the vertical lines. Measure any gap that appears between the floor and the level. If the gap measures less than 1/8 inch, you can consider that area level for flooring installation. Larger gaps require pouring a self-leveling mortar in the depression to level the flooring surface. Mark these depressions with a felt-tipped marker.
1 The idea of mercantilism was that the nation, not the individuals within it, was the principal actor in the economy. The goal of the economy, then, should be to increase the nation's wealth.  Merchants believed that the world's wealth was finite and that one nation could only grow rich at the expanse of another.
Return to top. â Capitalism,â a term of disparagement coined by socialists in the mid-nineteenth century, is a misnomer for âeconomic individualism,â which Adam Smith earlier called âthe obvious and simple system of natural libertyâ (Wealth of Nations).ven nineteenth-century economistsâin England, America, and Western Europeâwho were supposedly capitalismâs defenders did not defend capitalism effectively because they did not understand it. They came to believe that the most defensible economic system was one of âperfectâ or âpureâ competition.