Answer there are variables which will be true
In practice, democracy means a system of government that allows for the following norms:
- Human rights protection
- Existence of the rule of law
- Periodic free and fair election of government officials
- Active participation of the citizenry in politics and civic life.
<h3>What is democracy?</h3>
Democracy is a form of government whereby people decide who governs them and how they govern.
Democracy represents free choice, the recognition of the human rights of the governed, and having elected representatives in government.
Autocrats or despots do not control democratic governments.
Thus, democracy originally meant power held by the people. In practice, it connotes the observance of political and social principles suitable for a free society.
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Answer:
These lost wages would be considered as opportunity cost
Explanation:
The lost wages would be considered as opportunity cost .
Opportunity cost is the value of the next best alternative forgone in favor of a decision. The decision of the entrepreneur to start a business of his own would mean forgoing the wages from his paid employment.
Hence, the lost wages of $50,000 becomes an opportunity cost to the decision.
These lost wages would be considered as opportunity cost
No more than 36 will be required for graduation. Those who majors require more than 16 credits may take correspondingly fewer than 20 outside the major.