Answer:
Governments accross history have used different measures to fulfill several aspects of a government.
Explanation:
Some governments have been more libertarian, in the sense that they are smaller, levy less taxes, and provide less services, leaving the provision of most services to private entities in the free market.
Other governments have taken a more active role: levying higher taxes, imposing more regulations, and providing more services. These are governments in the social democratic tradition, for example.
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.
The answer is Peter the Great.
easy As a result of the Boston Tea Party, the British shut down Boston Harbor until all of the 340 chests of British East India Company tea were paid for. This was implemented under the 1774 Intolerable Acts and known as the Boston Port Act.
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The United Kingdom in the Battle of Britain.
