Answer:
A market economy is an economic system in which the decisions regarding investment,productions and distribution are guided by the price signals created by the forces of supply and demand
Explanation:
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Answer:
c. changes in both aggregate demand and aggregate supply.
Explanation:
Aggregate demand which is also known as domestic final demand (DFD) refers to the demand of services and final goods in a specific market. On the other hand, aggregate supply refers to the supply of that service or final good to a specific market. Hence, it is the difference in the aggregate demand and aggregate supply of a product or good or service in a specific market. When the supply is lower than the demand, it automatically leads to inflation. There the option that changes in both aggregate demand and aggregate supply is correct.
George Herbert Mead is credited with helping to build social role theory and symbolic activism with his pragmatic work "Mind Self and Society."
American philosopher George Herbert Mead, who was influential in the growth of Pragmatism and social psychology, was born on February 27, 1863, in South Hadley, Massachusetts, and passed away on April 26, 1931, in Chicago.
George Herbert Mead went to Harvard University and Oberlin College for her education. He taught psychology and philosophy at the University of Michigan between 1891 and 1894. He moved to the University of Chicago in 1894 and stayed there until his death.
George Herbert Mead attempt to demonstrate how the human self emerges via social contact was his greatest contribution to social psychology. He believed that the spoken word was fundamental to this evolution. The youngster can assume the roles of other people through language and use that to direct his actions by considering how they will affect other people. Mead's psychological strategy was behaviorist as a result.
Learn more about George Herbert Mead here
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