Because his fame protects him from retribution
If the world price of cotton falls, firms will be less willing to supply cotton. Therefore, fewer cotton firms may open, or few people will be employed in the cotton-producing industry; therefore, the demand for labour for cotton-producing firms in South Carolina will decrease.
Since the world price of cotton falls, a textile-producing firm in South Carolina which uses cotton as only one aspect of their textiles, textile firms can buy more cotton since it's cheaper and will reduce costs. Since this is the case, the demand for cotton will increase. Because of this, more textiles need to be made, and so the demand for labour increases as a result.
The unemployment resulting from such sectoral shifts in the economy is best described as structural since demand for labour is decreasing in the primary sector and increasing in the secondary sector of the industry.<span>
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ethos
Explanation:
Ethos is a device through which one talks about the social and cultural circumstances of a country or a people on a specific time. <u>Here the description is of a state that is sovereign and the powers it can wield over itself and over others the guarantee of rights that it has.</u>
This ethos is exemplified by the rights of the free states that are being talks about in the paragraph given here. It is a clear example of ethos.
