In a bijection, the inverse function is a function that reverses the mapping of the original function. It takes the output of the original function as its input and returns the original input. This means that if a bijection maps element A to element B, the inverse function will map element B back to element A. The existence of an inverse function in a bijection is what ensures that every element in the domain is uniquely mapped to an element in the codomain. **

One can establish a bijection between the sets {0, 1} and {0, 1} by simply pairing each element in the first set with a unique element in the second set. For example, we can pair 0 from the first set with 1 from the second set, and 1 from the first set with 0 from the second set. This pairing creates a one-to-one correspondence between the elements of the two sets, establishing a bijection. **

No, the cardinality of two sets does not have to be equal for a bijection to exist. A bijection is a one-to-one correspondence between the elements of two sets, meaning that each element in one set is paired with exactly one element in the other set, and vice versa. This means that the sets can have different cardinalities, as long as there is a one-to-one correspondence between their elements. For example, the set of natural numbers and the set of even numbers have different cardinalities, but there exists a bijection between them (e.g. pairing each natural number with its double). **

The choice between a free market economy and a planned economy depends on the specific goals and values of a society. A free market economy allows for individual freedom and competition, which can lead to innovation and efficiency. However, it can also result in inequality and lack of regulation. On the other hand, a planned economy allows for more control and distribution of resources, but it can stifle individual initiative and innovation. Ultimately, the decision between the two depends on the balance a society seeks between individual freedom and social equality. **

The answer to this question depends on one's perspective and values. A social market economy combines elements of both a free market and government intervention to ensure social welfare and economic stability. It aims to balance individual freedom with social responsibility. On the other hand, a free market economy prioritizes individual freedom and minimal government intervention, allowing for more competition and innovation. Ultimately, the "better" system depends on the specific needs and values of a society, as well as the balance between individual freedom and social welfare that is desired. **

Online commerce refers to the buying and selling of goods and services over the internet, while retail commerce refers to the traditional brick-and-mortar stores where customers can physically visit and make purchases. Online commerce offers the convenience of shopping from anywhere at any time, while retail commerce provides the opportunity for customers to see, touch, and try products before making a purchase. Online commerce often involves lower overhead costs and can reach a wider audience, while retail commerce provides a more personalized and immediate shopping experience. **

A social market economy combines elements of both a free market economy and a planned economy. It allows for private ownership of businesses and resources, while also implementing government regulations to ensure fair competition and social welfare. In contrast, a free market economy relies on minimal government intervention, allowing businesses to operate with little regulation. On the other hand, a planned economy is centrally controlled by the government, with decisions regarding production, distribution, and pricing made by central authorities. **

A market economy is preferred over a planned economy because it allows for individual freedom and choice in economic decision-making. In a market economy, prices are determined by supply and demand, leading to efficient allocation of resources. Additionally, competition in a market economy encourages innovation and productivity, driving economic growth. On the other hand, a planned economy, where the government controls production and distribution, can lead to inefficiencies, lack of innovation, and limited consumer choice. **