Powers: Using the laws of exponents

To solve the given power expression, we need to apply the formula for powers of a fraction. The expression we are given is:
$\left(\frac{2}{3}\right)^3$

Let's break down the steps:

• When we raise a fraction to a power, we apply the exponent to both the numerator and the denominator separately. This means raising both 2 and 3 to the power of 3.
• Thus, we calculate:
  $2^3 = 8$ and $3^3 = 27$.
• Therefore, $\left(\frac{2}{3}\right)^3 = \frac{2^3}{3^3} = \frac{8}{27}$.

So, the result of the expression $\left(\frac{2}{3}\right)^3$ is $\frac{8}{27}$.