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.
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geography influences the development of its society and culture in many ways.
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The best known example of ancient Egyptian architecture are the Egyptian pyramids while excavated temples, palaces, tombs and fortresses have also been studied. Most buildings were built of locally available mud brick and limestone by levied workers. Monumental buildings were built via the post and lintel method of construction. Many buildings were aligned astronomically. Columns were typically adorned with capitals decorated to resemble plants important to Egyptian civilization, such as the papyrus plant.
Ancient Egyptian architectural motifs have influenced architecture elsewhere, reaching the wider world first during the Orientalizing period and again during the nineteenth-century Egyptomania.
no taxation without representation.
When the declaration of independence was made they basically tried to have philosopher of freedom in it like John Locke. He helped shape the ideas of freedom like he said divine rights ( the power of being a king or queen is given by god) he said that was incorrect that the people gave them the right to be king or queen. He thought that the people can over throw the king if they don't go through parliament and if the government becomes destructive. The government should get overthrown if ithe doesn't help with the people's needs.
