The rule of law is important because it states that all citizens are subject to the law. Monetary status or position doesn't change the law or being subject to it. The constitution limits the military's power because the president is the head of the military. He or she is the one who can declare war. Also, members of the military arts still subject to the law.
the authority to make laws
Answer: In accordance with the neoclassical economics, the monetary value of a commodity or service is considered as the price of the commodity in an open market. This value is generally determined by the forces of demand and supply , i.e the demand for the commodity relative to supply. Several neoclassical economist evaluate the value of a product or service with the price, irrespective of the market being competitive.
