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It is correct to say that it is relatively easy that entrepreneurs can enter and leave markets in a free enterprise system of the United States. Indeed it is one of its advantages.
However, the same affirmation cannot be applied to a country with a command economy because in a command economy the conditions are in total opposition to a free-market economy where individuals promote capitalist ideas to invest money and create companies in order to be rich.
In a command economy, it is the state the one that owns the means of production. The central government decides the kind of products to be produced, the price of the products, how to produce the goods, and the amount that is going to be produced.
The implications that this has for the law of supply in that country is that it cannot be considered because the law of supply/demand is only valid in a free market economy, not in a command economy.
Answer:
Theory
Explanation:
Theory -
It refers to the type of process , which helps to define the phenomenon of any activity , experiment or study , is referred to as a theory .
The theory gives the complete , brief information and the numerical data about the given process , in a very explainatary manner .
Hence , from the given statement of the question ,
The correct term is theory .
Chief Justice, Rehnquist was the formal Chief Justice in the United States and under his leadership Chief Justice William Rehnquist, the supreme court made decisions that shifted the court from generally liberal to mostly conservative.
<h3>Chief Justice Rehnquist's key roles</h3>
Being the Chief Justice, Rehnquist presided over the impeachment trial of President Bill Clinton. Rehnquist wrote the majority opinions in United States v. Lopez (1995) and United States v. Morrison (2000), holding in both cases that Congress had exceeded its power under the Commerce Clause.
<h3>Rehnquist's reputation</h3>
Rehnquist's reputation as a justice was based on his wide understanding of constitutional law, his conservative voting record, and his leadership of the court as it moved from generally liberal to mostly conservative.
Therefore, the supreme court made decisions that shifted the court from generally liberal to conservative.
learn more about Chief Justice Rehnquist brainly.com/question/500038
During The Black Death millions of people died from the Great plague ( in England).
After gold was discovered in California. News of the discovery soon spread, sending people to California from the rest of the United States and abroad. These early gold-seekers, called "forty-miners," traveled to California by sailing boat and in covered wagons across the continent.. San Francisco grew from a small settlement to a boom town, and roads, churches, schools and other towns were built throughout California. A system of laws and a government were created.
