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.
The original purpose was similar to the purpose it has today. I think the words criminal justice system speaks for itself. A criminal justice system is made for criminal justice. Criminals are people who violate a systems laws and regulations. This harms not only others but a created system of regulation itself. There has to be justice for criminals- this really benefits them in the end.
Bc it basically told how it was built and shapped over the years
Answer:
The ancient Persians of the Achaemenid Empire created art in many forms, including metalwork, rock carvings, weaving and architecture. ... Ancient Persians were also known for their metalwork. In the 1870s, smugglers discovered gold and silver artifacts among ruins near the Oxus River in present-day Tajikistan.
Explanation:
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Answer:
Correct Answer:
D.
no day-to-day involvement in running the business
Explanation:
<em>In partnership business, there are two major contributors who ensures that the business is running fully. </em>The limited partner is one of the group. There function is limited leading to them investing only finances in the partnership business most of the time.
The day-to-day running of the business is left to the hand of the other partners.
