1. Private Property. Most goods and services are privately-owned. The owners can make legally-binding contracts to buy, sell, or lease their property. In other words, their assets give them the right to profit from ownership. But U.S. law excludes some assets. Since 1865, you cannot buy and sell human beings. That includes you, your body, and your body parts.
(Source: "Market Economy," University of Auburn.)
2. Freedom of Choice. Owners are free to produce, sell and purchase goods and services in a competitive market. They only have two constraints. First, is the price at which they are willing to buy or sell. Second is the amount of capital they have.
3.
Motive of Self-Interest. Everyone sells their wares to the highest bidder while negotiating the lowest price for their purchases. Although the reason is selfish, it benefits the economy over the long run. That's because this auction system sets prices for goods and services that reflect their market value. It gives an accurate picture of supply and demand at any given moment.
Answer:
Yes
Explanation:
I do believe John Mayer’s Born and Raised is an example of neotraditional music. Neotraditional music is the type of music that emphasize in a combination of country music and traditional music. In Born and Raised Mayer embraced a more bluegrass rhythm in comparison of anything that he had released in the past. Specifically, the album title track is the most blues song from the entire album. He uses instruments that made the album feel more “Americana” and “neotraditional”.
Answer:
archeologists, historians, and geographers.
Explanation:
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Answer : He picked out three factors that he thought were critical: the unexpected 'power of resistance' of the Red Army; the vast supply of American armaments; and the success of Allied air power. This last was Hitler's explanation too. ... For the Allies in World War Two, the defeat of Germany was their priority.
Explanation:
