Answer:
Globalization also have its side effects to the developed nations. These include some factors which are jobs insecurity, fluctuation in prices, terrorism, fluctuation in currency, capital flows and so on.
Explanation:
Answer: The major elements of culture are symbols, language, norms, values, and artifacts.
Answer:
Yes, Hayek will agree with Sowell.
Explanation: Hayek is a firm believer in the fact that no one person has all the information needed to solve economic or issues affecting a complex economy.
Hayek in one of his papers stated that the information needed to operate a complex economy should be based on the views of individuals making up the economy,according to Hayek, information should be decentralized others should also have their own views on economic issues.
With this view expressed by Hayek, he will certainly agree with Sowell as it is based on his own findings and believe.
