Answer:
- Reduce discrimination.
- Reduce exploitation.
- Reduce inequality/ poverty.
- Increase productivity.
- Economic growth.
Explanation:
It is necessary for the government to regulate wages because some companies might take advantage of little regulation to get away with many unjust and unethical actions as they chase profits or due to personal bias.
Without government regulation, there would be wage disparity between races and genders so regulation reduces that. Exploitation will also be reduced because companies will not take advantage of unemployment rates to make workers overwork themselves to keep their jobs.
Regulated wages will reduce inequality in social classes as well as poverty rates as people will be paid closer to what they deserve.
Regulated wages will also lead to improved productivity as people will be more encouraged when they are working knowing they are getting paid appropriately so they will work harder.
With people being paid appropriately, they will be able to afford more goods and invest more savings which will lead to growth in the economy.
The hindsight bias and overconfidence, plus our eagerness to perceive patterns in random events, can cause tendencies that may lead us to overestimate our intuition. Intuition and intellect are not always accurate, therefore these factors are not trustworthy compared to scientific facts or scientific inquiry which can help us overcome our intuition’s biases and shortcomings.
Answer: Dynamic of need
Explanation: There are two words of importance here. Dynamic and need.
Dynamic: when a person, place, or thing is energetic and active, this is know as being dynamic.
When something is dynamic it goes through a lot of process. Example: Someone with a dynamic personality is usually funny.
Need: to require something because it’s important or very essential.
Dynamic of need is when you have a active need of things, this things can be information which are very essential.
Answer:
The person may not have options due to age and distance and disabilities.
Explanation
