Answer:
Central characteristics of capitalism include capital accumulation, competitive markets, a price system
Explanation:
Answer:
The 15th Amendment to the U.S. Constitution granted African American men the right to vote by declaring that the "right of citizens of the United States to vote shall not be denied or abridged by the United States or by any state on account of race, color, or previous condition of servitude." Although ratified on ...Jan 3, 2019
Explanation:
Answer:Price ceiling is when the government of a country mandates producers to sell their commodities below market or equilibrium price.
Explanation:Price ceiling leads to excess demand as consumers will excessively demand for products with a low price. Economically,the lower the price ,the higher the quantity demanded.
Also,Price ceiling will make producers produce inferior commodities as they will drastically reduce their cost of production which by using counterfeit raw materials.
Lastly,Price ceiling leads to supply shortage as producers are not willing to produce.
