The new comers had a huge amount of sickness, hunger, and they were very irresponsible.
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 oldest of eight children, Ida B. Wells was born in Holly Springs, Mississippi. Her parents, who were very active in the Republican Party during Reconstruction, died in a yellow fever epidemic in the late 1870s. Wells attended Rust College and then became a teacher in Memphis, Tennessee. Shortly after she arrived, Wells was involved in an altercation with a white conductor while riding the railroad. She had purchased a first-class ticket, and was seated in the ladies car when the conductor ordered her to sit in the Jim Crow (i.e. black) section, which did not offer first-class accommodations. She refused and when the conductor tried to remove her, she "fastened her teeth on the back of his hand." Wells was ejected from the train, and she sued. She won her case in a lower court, but the decision was reversed in an appeals court.
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what? i do not speak espanol
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