This economic system is called<em> socialism.</em>
Socialism is an economic system where everyone in the society equally owns the factors of production. The ownership as such is in the hands of the<em> government</em> that controls all means of production and distribution of goods.
The factors of production are : land, labor, capital and entrepreneurship.
In a socialistic economy, the land is owned by the state and private property is limited and difficult to obtain. Labor is heavily regulated and most people are employed in state-owned companies. Workers do not have many rights and they have to obey the government which also decides what is being produced and in which capacity ( planned economy ).
Socialism does not reward people for being entrepreneurial and competitive as competition is no existing and everybody reaps the same benefits of their work.
The voice authors used when they seeming talk for themselves
<span>Under Article VI of the constitution, the laws of congress and all treaties are the law of the land.
</span>
Dear Grandpa,
I am glad to write to you. Yesterday I got a letter from my mother that you are very sick. You still feel pain in knees! I told you to take good care of your health, na? So why are not you listening?
Do your want your good friend to be worried always about you? Go to the Doctor for regular check up. Let me know what happens next.
Convey my best regards to grandmother and to my parents. I hope that you all enjoy the moments. I will be waiting for your letter.
Yours granddaughter/grandson
(Your good name here)
*Your grandpa's address here.
I HOPE THAT THIS HELPS YOU.
Explanation:
Dear grandpa
Hello! how are u? I am fine here. grandpa how is your health now? I hope it's fine.
grandpa please take your medicines on time and take care of yourself. give my love to grandma. we are missing you here.
yours lovingly
your name
write sender's address at the top and leave a line and write date and then start writing the letter. I forgot to do so
I hope it helps you
