3) Consumer sovereignty concerns the principle of hedonism, individualism and, as some economists often say, selfishness, or exacerbated individual freedom, where the human being has complete freedom to do, whatever he wants and understands and, anywhere, nothing interferes with the decisions of those who need to satisfy their needs. This economic philosophy adopts the principle of laissez faire, or in other words, what works is Adam Smith's infamous <u>invisible hand</u>, or more clearly, the system where the government does not interfere in the economy, it exists only to coordinate the political and social system, without active participation in the development of economic activity. It is what is called in the classic and neoclassical language, an economy of free competition, that is to say, everyone is free before their preferred choices.
4) The economic system in the US is <u>free enterprise.</u> Free enterprise is a principle that establishes the possibility for ordinary people to participate in the market without the need for authorization or approval by the State. If you have the possibility to open a company, sell a product and negotiate the price that is right for you, you owe it to the principle of free enterprise.
The government has a fundamental role in the economic system, such as legislating, placing wealth in the market, as well as inspecting these systems.
5) The price floor wage is the lowest wage a company can pay for an employee. It is established by law and is reassessed every year based on the cost of living of the population, its creation was made based on the minimum amount that a person spends to guarantee their survival.
The most common price floor is the minimum wage--a minimum price that can be payed for labor.
That is true. By making travel on rivers more efficient.
After the death of Timur in 1405, power began to shift from migrating peoples to sedentary populations living in large centralized empires. After about 1683, when the last Ottoman campaign against Vienna failed, the great empires for which this period is so famous began to shrink and weaken
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Answer:
You could rephrase this passage from the U.S. Constitution in these words:
"We, citizens of the United States, take the responsibility to defend our freedom, and guarantee it for the future generations."
The Preamble of the Constitution states that constitutional rights have to be thought of as not only something for the living, but also something to be preserved at any cost for the Americans who have yet to be born.
Explanation:
