Explanation

• When a politician tacitly approves a policy, it generally means they continue the previous policy by giving silent or unexpressed consent without officially announcing it.

Meaning of Tacit Approval

• Silent agreement: They do not speak up or object to the rule.
• Going along: They let the current system stay in place without change.
• Implied support: Their lack of action shows they accept what is already happening.

Explanation

• Federalism divides powers between different levels of government.
• The national government handles broader national matters.
• State or local governments manage matters within their jurisdiction.
• This division helps distribute administrative responsibilities.

Explanation

Sole proprietorship

• Owned and run by a single individual
• Requires no legal formalities or registration
• Simplest form of business

Explanation

• Commerce = all activities that facilitate the buying & selling of goods/services

Additional information:

• Trade = the buying and selling itself
• Aids to Trade = supporting activities (banking, transport, insurance, advertising, etc.)
• Wholesale Trade = bulk selling to retailers (a type of trade only)