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.
Answer:
A lot it changes how they view the world
Explanation:
Answer: Yuan Dynasty
Explanation:
Yuan Dynasty was China's first foreign-led dynasty and it was one of the great dynasties of that time. This is the term that is not belonging here because Tamerlane, Kublaii Khan, and Great Khan were leaders who led their territory and Yuan Dynasty was Dynasty that led China.
The Yuan Dynasty lasted from 1279 to 1368 which is about a hundred years of leadership and that is why this dynasty is also not fiting in these groups of leaders.
This practice is known as the SPOILS SYSTEM.
Please mark brainliest as that would really help out :3
I'd go with d, Americans were indifferent I had that question on a test so it should be right and if you are having trouble with other courses I'd be obliged to help you.
Hope this helps.
