Answer: Mitigation of damages
Explanation: The concept of Mitigation of damages defines the action an individual or party who has suffered or incurred a loss arising from a breach of contract should take in other to lessen or mitigate the effect of the contract breach. This will lessen or reduce the loss incurred as a result of the breach caused by the other party. Once there is a breach of contract, Mitigation of damages becomes a duty on the party who has suffered a loss and should therefore, prevent increased 'avoidable loss' caused by the contract breach. Further losses incurred has a result of failure to mitigate damages won't be catered for by the party guilty of the breach of contract.
<span>The act that protects the private information of both citizens and soldiers is the privacy act of 1974. Without this, the government and private entities would be able to access your personal data, and potentially use it for morally dubious purposes, or find out information you might want to be kept a secret.</span>
From the first row of the table, at a price of $10, suppliers are not willing to make any shoes (quantity supplied of shoes = 0) since they will not make significant profit off of it.
In contrast, the demand is 500, since everyone would love to buy shoes at that very cheap price.
