Answer:
A market economy is an economy where most resources are owned and controlled by individuals and are allocated through voluntary market transactions governed by the interaction of supply and demand.
Explanation:
A market economy has several advantages:
Competition leads to efficiency because businesses that have fewer costs are more competitive and make more money.
Innovation is encouraged because it provides a competitive edge and increases the chance for wealth.
A large variety of goods and services are available as businesses try to differentiate themselves in the market.
Economic activity is encouraged because you need money to live and need to engage in economic activity (through employment or self-employment) to make money.
Freedom of individual choice is possible to the extent that the market provides options for work, developing a business, and purchasing goods and services (so long as you can afford them).
It was primarily that "<span>a. Wilson liked it but it never passed in the Senate," since there was a strong isolationist sentiment in the United States, and people thought entering the League would bring them into another war. </span>
Answer:
"a. Several reformers believed that the only way to gain salvation was by buying indulgences and converting other people" is the best option from the list, since it was precisely the idea of indulgences being a bad thing that led reformers to rise against the church.
Explanation:
A formal agreement among competing firms is a Cartel.
Answer: Legislative declares war
Explanation:
