Answer:
In economics, a free market is a system in which the prices for goods and services are self-regulated by buyers and sellers negotiating in an open market. In a free market, the laws and forces of supply and demand are free from any intervention by a government or other authority, and from all forms of economic privilege, monopolies and artificial scarcities. Proponents of the concept of free market contrast it with a regulated market in which a government intervenes in supply and demand through various methods such as tariffs used to restrict trade and to protect the local economy. In an idealized free-market economy, also called a liberal market economy, prices for goods and services are set freely by the forces of supply and demand and are allowed to reach their point of equilibrium without intervention by government policy.
Explanation:
Answer:Buffalo soldier, nickname given to members of African American cavalry regiments of the U.S. Army who served in the western United States from 1867 to 1896, mainly fighting Indians on the frontier. The nickname was given by the Indians, but its significance is uncertain.
Explanation:
Answer: Private <u>property</u> cannot be taken for <u>public</u> use without paying the owner a fair price.
Explanation:
When compensating with someone, you must give something in return. Therefore, paying the owner a fair price for the private property is a way of compensating.
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Answer:
The Interesting Narrative of the Life of Olaudah Equiano, Or Gustavus Vassa, The African
The Standard Oil company.
