People who value personal freedom and self-sufficiency and who prioritize watching out for their own well-being and that of their close family members can be described as Individualism.
What is Individualism?
Individualism is relating to one particular person rather than a group or society, or relating to someone who is different or original.
Individualism emphasis traits like individuality, privacy, independence, self-reliance, and personal aspirations. Many Western nations have an individualistic culture.
People who support individualism prioritize the principles of
- economic freedom
- private ownership
- competition
- self-interest
- self-reliance
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Increasing government spending in order to increase aggregate demand
To Address the downturn, the government can employ an expansionary fiscal policy either by increasing spending or reducing taxes. The result would be an expansion of aggregate demand, moving the economy back toward the long-run equilibrium output.
Answer:
It serves as the basic link between the local and the overseas market for various goods, services and financial assets. Using the exchange rate, we are able to compare prices of goods, services, and assets quoted in different currencies.
Explanation:
