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.
Answer:
The answer is rational decision-making.
Explanation:
A person who follows this process will consider the alternatives, as well as the objective merits of a situation. It involves a series of steps which involves establishing a goal, identifying relevant criteria, identifying alternatives, comparing and analysing them, and making the decision.
The purpose of this perspective is to maximize benefits in relation to costs. It assumes that there is available, measurable information about the products.
The answer is<u> "watching a moving object".</u>
Sound and object movement can be utilized to change perceptions about body measure, as indicated by another investigation by a global group including UCL analysts.
At the point when an object is dropped, the brain precisely predicts when it will hit the floor by considering the range from which it fell. Falsely stretching the time it takes to hear the effect of the protest on the ground drives individuals to refresh their apparent body stature, making them feel taller.
Answer:
subatomic particles, protons and neutrons
Explanation:
the nucleus contains two types of subatomic particles which it protons and neutrons.
