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The Coercive Acts of 1774, known as the Intolerable Acts in the American colonies, were a series of four laws passed by the British Parliament to punish the colony of Massachusetts Bay for the Boston Tea Party. The four acts were the Boston Port Act, the Massachusetts Government Act, the Administration of Justice Act, and the Quartering Act.
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The reason the voting age was changed was due to 18 year old young men being drafted off to the Vietnam war without a say in the elected goverment or presidential officials. It was an ongoing debate eventually, it was announced unfair and there was recorded justice.
Domestic profit corporations are organizations founded exclusively for the purpose of generating profit for their owners. There are 3 stakeholders in a profit corporation:
- Shareholders: The actual owners of the company.
- Directors: People designated by the owners to oversee the corporations affairs.
- Officers: Employees hired to run the corporation's day to day operations.
Although the structure remains the same, many companies decide to restructure the ownership of the company in the form of stock. A stock is a right to the ownership of a percentage of the company. Corporations issue stock in order to raise funds. Individuals who own the majority of stocks are the one with the power to make decisions in the corporation.
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Productivity and specialization are both quite related to an entrance to the job market in a free market system.
Productivity is one of the most important viariables when entering the labor market. This is because wages depend mostly on the productivity of workers. The more productive you are, the higher your wage is likely to be.
Specialization is another important aspect. People who are highly specialized tend to be very educated and very productive, this means that a high degree of specialization is also predictive of a high wage.