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Leya [2.2K]
3 years ago
12

What does the Georgia and the U.S Constitution have in common

Social Studies
1 answer:
Kisachek [45]3 years ago
4 0

Both the Constitutions contains Bill of Rights which was framed to secure the rights of the citizens.  

Explanation:

Both America and Georgia’s constitution has one common things which make them similar. Both the constitutions has Bill of rights which was framed to safeguard the basic rights of the citizens so that the ruler cannot exploit the citizens.

Article 1 of the Georgia constitution deal with the Bill of right and it was written by the Thomas R.R Cobb. President Kennedy presented the idea of Bill of rights in his speech which later became the law (right) in the country for the betterment and securing the lives of the people.  

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Benefits and Disadvantages of free economy
astra-53 [7]

Answer:

Advantages

1. A free market economy gets rid of a significant amount of red tape.

Because there is much less government interference in a free market economy, the levels of bureaucracy are significantly lower. The absence of red tape and complex rules reduces the administrative costs that companies face when developing or marketing goods and services. Since the expenses are lower on the development side, customers can benefit by spending to access more innovative products.

This advantage also makes it possible for organizations to put extra money toward other endeavors, including new research and development opportunities.

2. The free market provides more freedom to innovate.

A free market economy enables organizations to become innovative when imagining new ideas. That means the products and services that become available to the average person have more long-term value to consider. Entrepreneurs aren’t dependent on government agencies to tell them what to do or how to develop new products or services that the public needs.

It is up to each company to study consumer demand, popular trends, and basic needs to provide the best value promise possible. This process creates a higher level of competition in each industry, allowing customers to decide who is the best and deserves their money.

3. Customers always drive transactions in a free market economy.

Organizations in a free market economy have the ability to pursue profit in whatever way they choose. That means any goods and services that are not profitable will usually not receive any attention. Customers make the final determination as to whether an idea will succeed or fail, which means they are the judge and jury for each company.

Disadvantages

1. Profit is always the motive for success in a free market economy.

The primary objective of every business in a free market economy is to earn as much profit as possible. Most situations will see an organization deciding to sacrifice worker safety, compromise on environmental standards, and act without ethics because no controls are in place to govern their behavior. The ends will always justify the means when it comes to the survival of a company in this economy.

Even with a partial free market economy in place, we’ve seen numerous examples throughout history of this disadvantage. Companies like WorldCom and Enron attempted to mislead their customers and government regulators, while the incident on Deepwater Horizon proved to be one of the most significant environmental disasters in U.S. history due to cost-cutting measures like the use of sub-standard cement.

2. Market failures can create severe recessions and ongoing economic consequences.

If a free market economy begins to lose control, then the consequences that happen as an outcome can be quite severe. Two specific incidents in the United States created long-term financial hardships for families: the Great Depression in the 1930s, and the Great Recession from the real estate market crash in 2008. Failures can devastate the lives of millions of households, resulting in lost income, unemployment, and homelessness.

The reason for this disadvantage is a lack of control over profit-seeking behavior. Instead of creating investments that provide slow and steady gains, short-term profits are often the priority in a free market economy. Highly-leveraged assets, loose credit, and no government intervention create a higher risk of failure.

3. A free market economy can provide limited product choices.

Organizations in a free market economy don’t pursue the development of products unless there is a profit potential available. That means limitations in the range of goods and services offered to consumers can exist locally, nationally, or internationally. This disadvantage can impact specific groups of customers more than others based on household income and other factors.

Explanation:

3 0
2 years ago
When analyzing the election of 1876, what conclusion can be drawn?a.A majority of northerners wanted to enforce Reconstruction p
valina [46]

Answer:

A. A majority of northerners wanted to enforce Reconstruction policies more stringently.

Explanation:

The analysis of the election of the 1876 shows that, majority of northerners wanted to enforce Reconstruction policies more stringently but was never successful. Rather, it lead to the end of the the Reconstruction polices.

Due to the election results being controversial, a secret agreement was reached to declare the Republican contender, Hayes winner while the troops where to be withdrawen fro the South thereby ending Reconstruction policy that was ongoing then.

8 0
3 years ago
The qualitative forecasting method is based on opinion & intuition. True or False
lora16 [44]

Answer: TRUE

Explanation: Qualitative forecasting method are mostly based on survey polls, opinions of expert, etc.

While Quantitative deals with measurable numerical qualities, the qualitative deals with observation and opinions.

Qualitative forecasting method is a forecasting method that favours the intuitions and opinions of experts over numeric historic data. While the numeric data analysis will show that increase in production will lead to increase in sales for the coming year in a tobacco company , the experienced sales managers will let the company know that due to the recent law enforced by the government, there will be low sales in the following year. This will allow the company to either reduce their production rate or stay on the same production rate but not increase production.

5 0
2 years ago
Which sociological perspective stresses the teachings of religion comfort and help people adjust to life's problems and provide
nevsk [136]

Answer:The functionalist perspective

Explanation:The functionalist perspective looks at society as a system that is built up by number of social structures which are responsible for promoting solidarity and stability.

It considers macro level orientation of the society by focusing on these structures such as religious institutions. It considers that such Institution can play a huge role in creating stability as people engage in certain moral standards promoted by such Institution.

8 0
3 years ago
Which action by the Federal Reserve would help to slow down rising inflation?
Artyom0805 [142]
The first is to increase interest rates through the Federal Reserve. ... When banks increase their rates, less people want to borrow money because it costs more to do so if that money accrues interest. So, spending drops, prices drop and inflation slows. ...so it's increas interest rates
7 0
3 years ago
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