A government is a system to govern a country or community. The Columbia Encyclopedia defines government as "a machine of social control below which the right to make laws, and the right to put into effect them, is vested in a specific institution in society". c. Cobra
Governments offer the parameters for normal conduct for residents, guard them against door interference, and often offer for their well-being and happiness. In the last few centuries, some economists and thinkers have recommended authorities control over some factors of the financial system.
Every kind of government rises to the electricity and rules in a unique way. Research more about every form of government--monarchy, democracy, oligarchy, authoritarianism, and totalitarianism--how they arrive into electricity, and the way they rule.
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The legislative branch contained 300 of the wealthiest, eldest and knowledgble men. They called it "The Senate". They derived from the Patrician class
Answer:
e.Reference Group
Explanation:
In sociology, Reference Group are the group of people towards which someone looks up to and sets the standard for behavior, talent or ability, in this case for Reid the Lego Masters are his reference group since that i sthe standar of people to which he is comparing himself.
When there are not enough productive resources, the production possibility frontier (PPF) slopes downward, but when resources are distributed according to their comparative advantages, it bends outward. According to the law of rising opportunity cost, this allocation will likely result in an adverse outcome.
This is further explained below.
<h3>Hy is most production possibilities frontiers (PFS) for goods bowed outward (concave downward)?</h3>
Generally, The Productivity and Potential Frontier is sloping downward because there are not enough productive resources, but it is bowing outward because resource allocation is driven by comparative advantage.
The term "resource" refers to all of the resources that are present in our surroundings, are possible from a financial, cultural, and technical standpoint, and are available to us so that we may fulfill our requirements and gratify our desires.
In conclusion, The scarcity of productive resources is what causes the PPF to slope downward. It follows that the rule of growing opportunity cost will be valid if such an allocation is performed.
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