In a free-market system, decisions are made by thousands of people who have information about resources, production technology and consumer desires.
A free-market system refers to an economic system in which there is no role of government, and the production and distribution of resources are determined by the market forces of demand and supply.
The market forces decide all the aspects of the economy, from what and how to produce, to the prices of products. When particular goods are in high demand, the production of those goods will increase, and if supply does not keep up with demand, the prices of the goods are bound to rise.
It is a spontaneous and decentralized market, in which individuals - as opposed to public agencies- make economic decisions. This is possible when the masses have information about resources, production technology and consumer desires.
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Answer:
The United States declared war on Britain in 1812. It did so because Britain refused to stop seizing American ships that traded with France—Britain's enemy in Europe. ... Historian and Pulitzer Prize winner Alan Taylor says that, as a result, the British could send only a small force to the United States.
Explanation:
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Due to tropical climate
Explanation:
Australia is very hot because it is in a desert area. Which is tropical weather!!
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Confucius was wanting to have an important government job but never actually did, instead he became a "teacher." His time period was rough so only the rich could afford education. He made his students pay for their education, however, he chose those who showed eagerness to learn. Soon after he thought about North China looking for a ruler who would follow his teachings but wasn't very successful.He returned home disappointed and when he died at 72, he believed his life was a failure.
