The Great Compromiser is known as Henry Clay
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 Yalu River also known by Koreans as the Amrok River or Amnok River. It is a river on the border between North Korea and China.
The revolutionary war was known as the "American war of independence",It all started with the confronting between British troops and local Militia in Massachusetts On April 19,1775. The British collonies Was led by George Washington and was helped by France and other powered collonies.This War was very important because it was time when collonist in America rebelled against the rule Of Britian. The colony fought many battles and It became known as the independent country, it got the freedom they fought for.This war lasted from 1775 to 1783. This war ended specifically because General Cornwallis surrendered and was forced to sourrender the british position at yorktown. Not to long when The general sourrendered the treaty of paris was signed and the United states became an independent/colonial power.
Im sorry if it isnt great you can make some corrections or change it Hope this helps
