A Political Action Committee is a group of people with some kind of interest. They collect money and spend it to promote that interest. when a PAC hires a lobbyist, the lobbyist is the one to go to the legislator and make the case on behalf of the PAC.
If the Congress overrides the veto by a two-thirds vote in each house, it becomes law without the President's signature. Otherwise, the bill fails to become law unless it is presented to the President again and the President chooses to sign it.
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The election results were contested by the opposing party due to disputes over it.
Two basic types of markets exist in any market economy: resource markets and product markets. The exchanges that take place in these markets benefit both the households and the firms that engage in exchanges. This lesson will introduce the circular flow of money, resources and goods and services in a market economy.
