3) Consumer sovereignty concerns the principle of hedonism, individualism and, as some economists often say, selfishness, or exacerbated individual freedom, where the human being has complete freedom to do, whatever he wants and understands and, anywhere, nothing interferes with the decisions of those who need to satisfy their needs. This economic philosophy adopts the principle of laissez faire, or in other words, what works is Adam Smith's infamous <u>invisible hand</u>, or more clearly, the system where the government does not interfere in the economy, it exists only to coordinate the political and social system, without active participation in the development of economic activity. It is what is called in the classic and neoclassical language, an economy of free competition, that is to say, everyone is free before their preferred choices.
4) The economic system in the US is <u>free enterprise.</u> Free enterprise is a principle that establishes the possibility for ordinary people to participate in the market without the need for authorization or approval by the State. If you have the possibility to open a company, sell a product and negotiate the price that is right for you, you owe it to the principle of free enterprise.
The government has a fundamental role in the economic system, such as legislating, placing wealth in the market, as well as inspecting these systems.
5) The price floor wage is the lowest wage a company can pay for an employee. It is established by law and is reassessed every year based on the cost of living of the population, its creation was made based on the minimum amount that a person spends to guarantee their survival.
The most common price floor is the minimum wage--a minimum price that can be payed for labor.
Bodies of water, specifically rivers.
The Carolingian Empire covered much of the Western and Central Europe but it collapsed in less than hundred years after the death of Charlemagne in 814. Several factors led to the fall of the Carolingian Empire. The division of Frankish lands among the male members of the Carolingian dynasty was a major factor. The Carolingians extended their rule over most Western and Central Europe in less than one half of a century and became regarded as the renewers of the Roman Empire after the Imperial coronation of Charlemagne in 800. The Carolingian Empire achieved its greatest territorial extent during the reign of Charlemagne (768-814) who added Lombardy, Saxony, Danubian Plain and Spanish March to the Realm of the Franks. However, Charlemagne’s empire started to decline already under his successor Louis the Pious (814-840) and collapsed by the end of the 9th century.
Answer:
'Pre-Columbian' is a term used to describe the people, history, and cultures of the Americas before Columbus arrived in 1492.
Explanation:
my answer is the Answer and Explanation hope this helps you :)
I believe that the Korean War started when the North Korean Communist army crossed the 38th Parallel and invaded non-Communist South Korea.
