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.
Answer:
A. Cultural differences
Explanation:
Europeans considered Indians to be savages because of their way of living the life. Europeans considered Indians inferior to their way of living. The clothes worn by Indians, the food they ate, the types of houses they lived in were different and inferior to that of the Europeans. During the eighteenth century, the term "savage" was propounded with a different meaning as it is the current times. During that time, the inferior behavior and way of living was considered as savage. Indians way of living was given the name of savagery by the Europeans.
1)C she did not cause him to recoil from her
2)B
3)c
4)A
Explanation:
I think this question answer is he established an Islamic theocracy.
I hope it's helpful!
I guess True. By taking loans, they can invest in their economies/ businesses to build their society. So the government is encouraging its citizens to earn more money, open business, create jobs for their people.
