advantages of a market system are as follows 1.consumer and producer sovereignity is upheld to the maximum.-that is consummers can purchase any good they wish while producers can create any good they wish without government hindrance. 2.competition exists in market systems. this results in firms looking at new techniques and innovations to capture the market. 3.producers have an incentive to work harder due to the profit motive.
it offers a wide variety of goods and services
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Advantages of microeconomics ?
advantages:
its sovereignity
SOVEREIGNITY
Stephen Douglas supported popular sovereignity, also called squatter sovereignity, which stated that each territory had the right to determine if they would accept slavery or not.
Popular Sovereignity
The red part means sovereignity which is supreme power
1. Territory 2. Population 3. Government 4. Sovereignity
1. Territory 2. Population 3. Government 4. Sovereignity
In antiquity Sicily and parts of Southern Italy were under Greek sovereignity.
territory, people. government and sovereignty
Rousseau: Social Contract; later popular sovereignity
It's a mixed bag, as always.If you are a long time and/or established power, like France, Spain, Brazil and such, and not seriously impeding the foreign policy of the United States, your sovereignity is relatively safe.If you are not possessing anything the United State's wants, and not defying the United States, your sovereignity is relatively safe.If you are a vassal state of the United States, like Canada, Britain or Mexico, your sovereignity is safe.If you are actually more powerful than the United States, such as China and possibly India, your sovereignity is very safe.If your are not so powerful, but at least have a few nuclear weapons, such as North Korea, your sovereignity is very safe.Other than that, (and especially if you have something the United States wants) you have no sovereignity, merely a currently existing regime clearly unresponsive to the will of your people, probably harboring terrorists, and who's people are in desperate need of "liberation" by the United States.Always remember the conversational exchange between Huckleberry Finn and Tom Sawyer in one of Mark Twain's books.Huck: "Do nations always apologize if they done wrong?"Tom: "The little ones do."
That's Singapore, one can say that it consists of the only one city - Singapore. Also until 1997 Hong Kong formally was a colony of the UK and had sovereignity in general, but in 1997 Hong Kong transfered its sovereignity to China, though it still has a wide autonomy.