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.
There were several disadvantages of early forms of money like the limestone, cattle and shells. Firstly they were really tough to transport from one place to another because of the huge size. Secondly these kind of money were very rare and so it was highly difficult to find them.
The principal management function in which Mr Valery is engaging with the ship crew is Leading.
Basically, the 4 management principal function includes planning, organizing, leading and controlling.
Leading is the management function which involves motivating employees and influencing their behavior to achieve organizational objectives.
This Leading function is a vital function because its helps to direct an organization's resources for improved efficiency and the achievement of goals.
Therefore, the function that Valery is performing is known as Leading.
Learn more about this here
<em>brainly.com/question/24852407</em>
what do you mean need more info
Birmingham was one of the most racially divided places in the 1960s, so it was a good place to start to campaign for change
