3) Consumer sovereignty concerns the principle of hedonism, individualism and, as some economists often say, selfishness, or exacerbated individual freedom, where the human being has complete freedom to do, whatever he wants and understands and, anywhere, nothing interferes with the decisions of those who need to satisfy their needs. This economic philosophy adopts the principle of laissez faire, or in other words, what works is Adam Smith's infamous <u>invisible hand</u>, or more clearly, the system where the government does not interfere in the economy, it exists only to coordinate the political and social system, without active participation in the development of economic activity. It is what is called in the classic and neoclassical language, an economy of free competition, that is to say, everyone is free before their preferred choices.
4) The economic system in the US is <u>free enterprise.</u> Free enterprise is a principle that establishes the possibility for ordinary people to participate in the market without the need for authorization or approval by the State. If you have the possibility to open a company, sell a product and negotiate the price that is right for you, you owe it to the principle of free enterprise.
The government has a fundamental role in the economic system, such as legislating, placing wealth in the market, as well as inspecting these systems.
5) The price floor wage is the lowest wage a company can pay for an employee. It is established by law and is reassessed every year based on the cost of living of the population, its creation was made based on the minimum amount that a person spends to guarantee their survival.
The most common price floor is the minimum wage--a minimum price that can be payed for labor.
DO you have answer choices for it or is it fill in the blank?
It has congress & the senate in it together to pass laws. Like, a bill comes from congress and congess then passes it on to the senate. The senate could deny the bill if the less majority rules in the senete, it is gone if more than it goes on to the president which is the exective branch he can veto (reject) the bill or it could turn into a law. I hope this helps XD.
Answer:
The counterculture started to rise because many youths wanted an escape from the "norm" and tradition. Music and art helped shape this new movement. Rock-and-Roll was a major characteristic of this new generation.
Explanation:
i think the 2nd and 3rd one are the correct answers
hope this helps!!!!!!
