Absolute Monarchy is a king or queen who believed that all power within their state's boundaries rested in their hands. They ruled without limits. Louis XIV was a perfect example because with his court central to French political and cultural life during his reign.
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People do many things in market economy to guide the production. Supply includes natural resources, capital, and labor. Demand includes purchases by consumers, businesses, and the government. Businesses sell their wares at the highest price consumers will pay.
They give most of the power to congress, not the leader or the people
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