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sweet [91]
1 year ago
5

TEST IT: Economic Systems

History
1 answer:
ycow [4]1 year ago
5 0

More economic freedom for businesses describes capitalism because everyone, from the producer to the consumer, has the right to enter or exit the market if there is economic freedom. The choice of what to produce, how to produce, and for whom to produce is up to the producer. They can choose their company's location, operating hours, and staff members.

What is capitalism?

A common conception of capitalism is as an economic system where individual actors own and control property according to their interests and where supply and demand freely determine market prices in a way that can best serve society.

The desire to turn a profit is capitalism's fundamental characteristic. Both parties to a voluntary exchange transaction have an interest in the outcome, but neither can get what he or she wants without considering what the other wants. This logical self-interest is what can result in success for the economy.

To know more about capitalism, refer:

brainly.com/question/7672602

#SPJ9

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Answer:

There are very different factors that make modern pandemics different from the pandemics of the past, but the easiness that modern pandemics have to spread globally more rapidly, is one of the most important.

Explanation:

First of all, let's take a look at pandemics. They are outbreaks of certain diseases, that come from viruses, bacteria, etc. This is their major characteristic, they go out of total control and cross territories. Now, considering modern transportation. Pandemics can grow at a very alarming pace. Airplanes, light trains, metro, cruisers, and many other modern sources of transportation make Pandemics a phenomenon with more easiness of spreading and impact on society.

In the second hand, even though medicine and research have improved a lot. They cannot prevent spreading at such large scales of speed and space. Because they travel at such big speeds that the prevention is almost unreachable. The best resources of medicine still cannot make her pass from reactive. Because there are just not enough to prevent the spread. Let's look at an example: there are no medical or technological resources to know all the conditions a regular person can have, at any moment. We have no cameras or scanners that could tell us the specific condition of somebody in real-time. But we do have vehicles that can take an infected person from one country to other in less than 1 hour.

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The palace of Versailles was a symbol to the people of wealth and how much power Louis XIV had in Europe. The practical purpose that Louis XIV had when it came to making the palace was just to show off to the people and show how much control he had over the economy and what he could do with the money.

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Answer:

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