The indigenous Aborigines have recently received an apology from the "Australian" government, since years of colonization led to great human abuses against the native people.
How prices serve as an incentive in a market economy is whenever there is a decline in the supply of a particular commodity, what the suppliers do is increase the prices, and in contrast, when there is enough supply, they decrease the prices as well. Hope this answers your question.
Answer: Vertical integration is firm taking control of and producing its inputs and outputs rather than using the market.
Example: A vertically integrated produce company, for example, might hold a farm, a produce distribution business, and a green grocery.
On May 31, 1961, Meredith, with backing of the NAACP Legal Defense and Educational Fund, filed suit in the U.S. District Court for the Southern District of Mississippi, alleging that the university had rejected him only because of his race, as he had a highly successful record of military service and academic courses.
