Answer:
For free market economy, we can explain it in 3 expects. First, because households are the 'owners' of productive resources, firms have to pay them for their resources in the resource market, they can produce everything they want, the type and amount of products are determined by every individual firms, but they should produce the goods and service that other companies or household want, and can make the maximum profits, more profits, more motive for the producers. Prices are determined by householders.
While For the centrally planned economy, (it is also called command economy), all the resources (land, labour and capital) in the market are allocated by government, and it makes all the productive decisions, including price determination, so, the centrally planned economy is a government-controlled economic situation. First, a centrally planned economy may choose to produce whatever the government decides is most crucial to meeting society's needs, the government should provide services and goods that can cater to the people's need. Like in the 19th and 20th centuries period, in China, Mao Zedong realized that China is under a low level of heavy industry, so he decided to develop it first, then the light industry, this decision is sensible and realistic.
Answer:
Throughout four years of Civil War, North Carolina contributed to both the Confederate and Union war effort. North Carolina served as one of the largest supplies of manpower sending 130,000 North Carolinians to serve in all branches of the Confederate Army. North Carolina also offered substantial cash and supplies.
Explanation:
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Answer:
After the American Revolution, many colonists—particularly in the North, where slavery was relatively unimportant to the agricultural economy—began to link the oppression of enslaved Africans to their own oppression by the British, and to call for slavery’s abolition.
Explanation:
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Answer: 2nd choice
Explanation: i took it on quiz
