That statement is false.
It is true that United States adopt a free market system which allow organisations to fully compete and determine the outcome of supply and demand.
That is being said, Business law and Government regulations are still considered to be an important aspects in businesses because it creates a standard rule for fair competition.
In what context are you reffering to?
Answer:
Natural resources are materials or things that people use from the earth. There are two types of natural resources. The first are renewable natural resources. They are called renewable because they can grow again or never run out. The second are called nonrenewable natural resources. These are things that can run out or be used up. They usually come from the ground.
Renewable natural resources
Let's look more closely at renewable natural resources. They are the ones that can grow again. Trees are a good example. If cut down, they can regrow from seeds and sprouts. Animals are another example. Baby animals are born and grow up. They replace older animals that die
Explanation:
