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Unlike the criminal code adopted by the correctional system in the American colonies, William Penn's "Great Law" required that felons:
Government Imposes
Actions taken by governmental bodies to regulate, control, or influence various aspects of economic or social life through laws, regulations, or directives.
Demand Price
The highest price a consumer is willing to pay for a good or service, reflecting the value placed on it.
Quota Limit
A government-imposed trade restriction limiting the number or value of goods that can be imported or exported during a specified time frame.
Price Ceiling
A price ceiling is a government-imposed limit on how high a price is charged for a product, with the aim of ensuring affordability by limiting how much prices can increase.
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