These are several things that create value for the money:
- Durability
It should be made with materials that could sustain themselves for a long period of time.
- Identifiability
Money should be easily recognized by the people who use it
- Portable
Money should be in a size and shape that are easy to be carried around by people.
- Usefulness
Money should have trading powers that people could use to obtain another goods or services.
Marxism theory is that the upper tear of society rules the lower tear, and institutions like social welfare is one way that the lower class tries prevent their exploitation. This is Social Control of the social classes. The lower tear engaging in welfare is the exorcize of their power,
Natural monopolies and the reason to exist in the free market system
Explanation:
In a natural monopoly when a market can supply goods or the cost of the goods can be lowered in competition with the potential competitor then it is called as natural monopoly. In a market when the first supplier of the product is demanding more cost or raises the costs of the product then it eventually rises to natural monopoly.
Here the products are given at a lower rate than the capital supplier. They are available in free market because people always tend to go for lower prices and for a good quality product.
According to the doctrine of separation of powers, the U.S. Constitution distributed the power of the federal government among these three branches, and built a system of checks and balances to ensure that no one branch could become too powerful.
Khufu was always in favor of development and is known for building one of the seven wonders of the world.
<u>Explanation:</u>
Khufu was one of the ancient pharaohs of Egypt and is known for building the pyramid which was the largest pyramid of Egypt and this was one of the most important developments of the pharaoh
It was considered as one of the seven wonders of the world. But this pharaoh is not known much because of his traits or characteristics of his personality but because of his accomplishments of making the largest pyramid.
