1.) Social network refers to the web of social relationships that surround individuals.
2.) Social networks give rise to various social functions.
3.) social influence social control, social undermining, social comparison, companionship, and social support.
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Answer:
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Explanation:
Taking CLOTHING as an example
Clothing has elastic demand.
True, people have to wear clothes, but there are many choices of what kind of clothing and how much to spend.
When some stores offer sales, other stores have to lower their clothing prices to maintain demand.
Small stores that can't offer huge discounts go out of business.
During the Great Recession, many clothing stores were replaced by second-hand stores that offered quality used clothing at steeply discounted prices.
A bureaucratic institution that operates primarily without executive or legislative oversight is referred to as an independent regulatory agency.
<h3>What are the functions of independent regulatory agencies?</h3>
Independent regulatory agencies are federal agencies that are apart from the executive departments and were established by an act of Congress.
Despite the fact that they are part of the executive branch, these agencies are intended to impose and implement regulations without regard for political considerations.
The regulatory agency is an independent governmental entity formed by statute to develop and enforce standards in a certain field of activity, or operations, in the private sector of the economy.
To learn more about independent regulatory agencies refer to the link:
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The president request that congress hold an special session when the two houses can't concede to a date to meet or in a emergency circumstances.
It was in the area that we now know of as the Middle-east, and it was in between two rivers, the Tigris and the Euphrates.
