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In many ways, the two notions are at odds. Or, at least, mild conflict.
Free Market Capitalism is an economic system understands that some will succeed and others will not. People will be rewarded for their ingenuity and market acumen and bad ideas will be disregarded and rejected.
American Democracy (Democratic-Republic) is defined by citizens banding together to solve common problems, while reserving the right of private property and concepts of liberty.
So, as free market capitalism has expanded in periods of history, Democracy has often taken a hit. As collective Democratic ideals have expanded, free market ideals have declined.
The New Deal is common understood as a retraction of the free market and the expansion of American collective Democracy. We are currently in a period of struggle between free market capitalism and strong collective Democracy. Only time will tell which concept will prevail.
Answer:
The process of making something local in character or restricting it to a particular place is known as localisation.
Answer:
Check kiter.
Explanation:
What the exercise describes is a form of fraud commited with checks. The check kiter would take advantage of the float to make use of funds (that do not exist) in a bank account transforming a check in a form of unauthorized credit, like the exercise examplifies: Out of 2 accounts, you issue a check that overdraws their accout at bank 1, and then deposits a check in that account from their bank 2 to cover the first check. You "abuse" the float to make use of funds that don't exist.
