Answer:
Entrepreneurs independently choose the field of activity, suppliers, contractors, markets. They have the right to engage in pricing, implement their long-term plans, as well as freely dispose of their property and income. The consumer in such a system is also independent. He is guided only by his needs and understanding of the marginal utility of the good. A market economy tends to self-regulate through a market mechanism. The gradual establishment of a balance of supply and demand contributes to the formation of equilibrium prices within which industries operate.
The internal rivalry of companies has a positive impact on the economic system of the country as a whole. Competition contributes to the expansion of production, its automation, optimization, implementation of innovative technologies and approaches to creating economic benefits. It encourages manufacturers to create exactly those goods and services that consumers need. Market self-regulation takes place through competition. The gradual establishment of the equilibrium of the system leads to a natural reduction in the cost of production, which in turn increases the wealth of the population and its degree of satisfaction with respect to the goods offered by the market.
Explanation:
Answer:
John Burgoyne, poet, playwright and British general, submits an ill-fated plan to the British government to isolate New England from the other colonies on January 28, 1777.
The Civil War influenced the role of government in the United States because it highlighted how the national government was the sovereign power. Following efforts by states to succeed and establish their own system of government the national government of the U.S. asserted is dominance and defeated the southern belligerents, thereby reasserting its dominance over politics and government in the United States following the war.
