Question

I have posted a question to get the ball rolling. Please feel free to post your own questions, observations, thoughts, etc. or to respa 1s having a free political system (democracy) a neccessary condition to operating a free economy (market economy)?
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Democracy is the political system where people have more rights and where the public runs the show in the sense that they are the one who elect representative among themselves to govern them. Thus the policies, rules and laws originate from the public domain. This also ensures that everyone in the society has equal rights and have freesom of choices. From these ideas originate the free market economy, where buyers and sellers are free to determine the value and the terms of exchange in the market without government intervention. The market forces works according to the laws of demand and supply. Democracy is instrumental in providing this sense of freedom of choices to people along with providing legal measures in case this freedom is violated. Thus it seems that it is the democracy which preserves the freedom fo the markets.

Add a comment
Know the answer?
Add Answer to:
I have posted a question to get the ball rolling. Please feel free to post your...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Please do Part (i). Feel free to do Part (ii). The last time I posted this...

    Please do Part (i). Feel free to do Part (ii). The last time I posted this question, it wasn't answered properly, and got it wrong. 2. Consider the inner product space V = P2(R) with (5,9) = L5(0956 f(t)g(t) dt, and let T:V → V be the linear operator defined by T(f) = xf'(x) +2f(x). (i) Compute T*(1++r). (ii) Determine whether or not there is an orthonormal basis of eigenvectors B for which [T]3 is diagonal. If such a basis...

  • can i get examples please? For your initial discussion post, respond to the following prompts: Select...

    can i get examples please? For your initial discussion post, respond to the following prompts: Select two of the problems and/or benefits associated with offshoring in the United States. Explain what they are, arnd what their affects are to the economy and/or the US as a whole. . Provide a recommendation for each of your selections based on your readings and possibly your own personal experiences.

  • Can I get these questions answered please :D. Question 1 1 pts A ball is thrown...

    Can I get these questions answered please :D. Question 1 1 pts A ball is thrown off of a 38 m cliff and lands 26 away. How long was the ball in the air? Use-9.8 m/s2, round answer to the hundredth place, and DO NOT include units. Question 2 1 pts A student throws an apple out of the window with a horizontal velocity of 3.8 m/s and it lands 5.63 m away. How long was the apple in the...

  • Can i please get help? This is the full question, the first one i posted was...

    Can i please get help? This is the full question, the first one i posted was posted twice but here i am posting again. Roberts Company manufactures and seas one product. The following information pertains to each of the company's first three years of operations Variable costs per unit Manufacturing Direct materials $ 25 Direct labor $ 15 Variable manufacturing overhead $ 5 Variable selling and administrative $ 2 Fixed costs per year Fred manufacturing overhead 300.000 180,000 Foed seling...

  • How do I get the p-value Please use R Code Question 5 Your answer is CORRECT...

    How do I get the p-value Please use R Code Question 5 Your answer is CORRECT The one-sample t statistic for a test of Ho: =14 vs. Ha: <14 based on n observations has the test statistic value of t= -1.45. What is the p-value for this test? = 19 0.164 a) 0.918 b) 0.000 c) 0.382 0.082

  • please reply to this post and ask one question regarding this post: I have been in...

    please reply to this post and ask one question regarding this post: I have been in the dental field working as a Registered Dental Assistant for over 6 years. My job description is direct patient care and assisting the dentist with any dental procedures, I often take x-rays, the dentist diagnosis, and then the treatment is presented to the patient. Before I begin the patient’s x-rays I inform the patient why the x-rays are necessary, the steps of the dental...

  • please reply to this post and ask one question regarding this post: I have been in...

    please reply to this post and ask one question regarding this post: I have been in the dental field working as a Registered Dental Assistant for over 6 years. My job description is direct patient care and assisting the dentist with any dental procedures, I often take x-rays, the dentist diagnosis, and then the treatment is presented to the patient. Before I begin the patient’s x-rays I inform the patient why the x-rays are necessary, the steps of the dental...

  • please discuss- thank you im not sure about investments and so i just posted the question...

    please discuss- thank you im not sure about investments and so i just posted the question in general, lets go with investing in Apple..? Week 3 Discussion Ascording to the efficient market hypothesis, stock prices fully reflect available information about the value of the firm, and there is no way for individuals or mutual funds to car excess profits or outperform the market. But, is it true? We will play a simple investment game to test this hypothesis. In this...

  • Please solve Question B fully, Thank you! Custom problem B involves data analysis on a sample...

    Please solve Question B fully, Thank you! Custom problem B involves data analysis on a sample of size 30, which is best done using data analysis software. You are encouraged to use MATLAB, which can be found on all Windows computers in all ACCC computer labs on campus (see a full list here: https:laccc.uic edu/lablall). You can also download a student version for FREE here: https://webstore.illinois.edu/shop/product.aspx?zpid 3427 Another option is to use OctaveOnline (https:loctave-online.net), which uses the same syntax and...

  • can i get some help with these questions please? Question Two: (25 Marks: 5 marks each):...

    can i get some help with these questions please? Question Two: (25 Marks: 5 marks each): On September 1, Reid Supply had an inventory of 15 backpacks at a cost of $20 each. The company uses a perpetual inventory system. During September, the following transactions and events occurred. Sept. 4 Purchased 80 backpacks at $20 each from Hunter, terms 2/10, n/30. Sept. 6 Received credit of $120 for the return of 6 backpacks purchased on Sept. 4 that were defective....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT