Self-Government: popular or. representative system where the. people create and run their own. government. Rule of Law: the idea that all
The Roman expansion impacted trade patterns because they owned more land and the more land that belongs to the Romans, the more control they have over trade routes. It helped Rome's military because it helped the soldiers get around easier.
The correct answer would be, Assets.
When an entrepreneur takes some of his profits and replaces old machinery, he is investing in Assets.
Explanation:
An entrepreneur is a person who initiates a business and runs it to earn profits. He is fully aware of the risk associated with the business in the form of loss, but he puts his efforts to run the business in the hope of earning profits.
Assets are things which add value to the business. Assets are basically a company's long term, fixed, liquid or current possessions. Assets may include the following:
- Cash
- Treasury Bills
- Lands
- Property
- Machinery
- Furniture
- Savings
- Inventory, etc
So When an entrepreneur takes some of his profits and replaces old machinery with the new one, he is actually adding value to the business, which means he is investing in the assets.
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No, this is false, or at least it should be false.
In a free market society, the economic activities should be regulated by the demand and supply relationship: the demand for certain goods and services and their supply.
However, in practice the businesses do ask the government for laws favorable for them: they do this in the form of lobbying.
