A market economy has the same meaning as capitalism or a free enterprise system.
Capitalism is another term for a market economy or free enterprise system. In a market economy, individuals or firms own resources and make decisions based on their own best interests. It is characterized by economic freedom, competition, and voluntary exchange.
The terms capitalism and market economy refer to an economic system where the means of producing and distributing goods are privately owned, and individuals are motivated by profit. In such systems, people own the factors of production and make decisions in their own best interest, often regulated by the forces of supply and demand. The government's role in these economies is typically limited to the enforcement of private property rights and ensuring competition.
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b. False
Answer:
Catholicism
Explanation:
The answer is Navigation Acts.
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Correct answer:
it's a metaphor
The term melting pot is a metaphor to describe a heterogeneous society that is becoming more homogeneous, as they merge into a single common culture. The metaphor of fusion was used in the 1780s.
The melting pot theory, also known as cultural assimilation, refers to the idea that people from different cultures and backgrounds come together and meld into a single, unified society, adopting the dominant culture of that society.
This concept suggests that immigrants and their descendants should shed their original cultural practices and identities in favor of embracing the values, customs, and language of their host country.
The melting pot theory implies that cultural diversity is less important than creating a homogeneous society. While the term originated in reference to the United States, it has been applied to other countries as well. However, critics argue that the melting pot theory may overlook the value of preserving cultural traditions and promoting multiculturalism.
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