It would be the term "monopoly" that describes a situation where one company controls all the means of production of a product and can set its own price--these are outlawed in the United States.
Peak oil is the theorized point in time when the maximum rate of extraction of petroleum is reached, after which it is expected to enter terminal decline.[2] Peak oil theory is based on the observed rise, peak, fall, and depletion of aggregate production rate in oil fields over time. It is often confused with oil depletion; however, whereas depletion refers to a period of falling reserves and supply, peak oil refers to the point of maximum production. The concept of peak oil is often credited to geologist M. King Hubbert whose 1956 paper first presented a formal theory.
Answer:
The Constitution was founded on several basic principles that help to keep it relevant today. These are the principles of popular sovereignty, limited government, separation of powers, checks and balances, judicial review, and federalism.
Explanation:
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The second part exemplifies the idea that there are certain natural rights of all people that all people have by their birth and that these rights are self evident. According to them, a good government should protect those rights. This is followed by the grievances that are the third part.
