The American economist and statistician was a strong advocate
of free-market capitalism. During his tenure as a professor at the University
of Chicago, Friedman developed numerous free-market theories that opposed the
views of traditional Keynesian economists. Friedman
opposed Keynesian macroeconomic views that fiscal policy is more important than
monetary policy, that government spending should be used to neutralize the
volatility of the business cycle and that prices are inherently sticky with his
own economic theory of free-market monetarism. He argued for
deregulation in most areas of the economy, calling for a return to the free
market wisdom of classic economists, such as Adam Smith
An inflation of what market prices should be for higher education. Since government is involved, colleges increase prices due to that the public sector is getting involved in the private sector.
<u>3) Glittering Generalities</u>
Glittering Generalities is a propaganda technique that uses words that are vague, abstract and ambiguous but attractive at the same time as they are associated with valued belief, ideal or concepts that usually trigger powerful emotions in people, and are acclaim by many.
Theses words are usually accepted and acclaim by many, without the need of much examination or explanation of the concept. Use linguistic patterns such as alliteration, metaphor, and reversals that turn your words into poetry that flows and rhymes in hypnotic patterns.
"Peace, prosperity, and progress" is a great example of this propaganda, as it expresses high ideals that tend to appeal to people's emotions, although it doesn't provide any specific concept of what they actually mean or reason that supports the phrase.
Others examples of glittering generalities are "freedom", "honor", "hope", "common good", "democracy", "strength", "dignity", and "love".
Answer: Mitigation of damages
Explanation: The concept of Mitigation of damages defines the action an individual or party who has suffered or incurred a loss arising from a breach of contract should take in other to lessen or mitigate the effect of the contract breach. This will lessen or reduce the loss incurred as a result of the breach caused by the other party. Once there is a breach of contract, Mitigation of damages becomes a duty on the party who has suffered a loss and should therefore, prevent increased 'avoidable loss' caused by the contract breach. Further losses incurred has a result of failure to mitigate damages won't be catered for by the party guilty of the breach of contract.
