Answer :

Without limited authority, dictatorships pop up. In the United States we use checks and balances to limit authority so that none of the branches or someone in a branch can take control. This can also help keep prices low.
In basic day to day life, limited authority makes it to where say a supervisor can't take advantage of an employee. hope that helps!
Without authority, the world would be totally chaos, with authority everyone could be safe, yeah nobody likes the rules but that's life, we gotta deal with it. Also, without authority we have higher crime rates, higher grand thefts, higher homicides, etc.

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