Article 5 describes the process of Amending the US Constitution. Specifically, it specifies that Amendments need to be ratified by three-forths of all states. This means that the central government cannot change the Constitution without the States's agreement, which is in line with the principle of Federalism.
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Anti-competitive practices are business or government practices that prevent or reduce competition in a market. In commercial law this can lead to unfair (or disloyal) competition, a deceptive business practice that causes economic harm to other businesses or to consumers.]The debate about the morality of certain business practices termed as being anti-competitive has continued both in the study of the history of economics and in the popular culture.
The three major schools of thought emerged from the Warring states period were-
1. Legalism- It was associated with Han Feizi. This thought spelled out and strictly enforced rules or laws through a system of rewards and punishments.
2- Confucianism- It was associated with Confucius. This was different from Legalism. It was not about the laws and punishments, but the moral example of superiors so as to restore social harmony after the Zhou and Qin dynasties.
3- Daoism- It was associated with Laozi. Daoists urged withdrawal into the world of nature and encouraged behavior that was spontaneous, individualistic, and natural.