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 Spanish retreated farther to the south to what is
now Florida.
Explanation:
<span>seeca falls convention took place in Seneca Falls, New York on 19 and 20 july 1948. 300 Women and 40 men went to the second day to discuss the rights of women. </span>
Answer:
The answer is (1) Remain neutral towards all religions
Explanation:
The Establishment Clause is a clause that is contained in the First Amendment to the United States Constitution. The clause prohibits government from making laws that respect the establishment of religion. It also prohibits government from establishing an official religion as well as initiating actions that serve to favour a particular religion over another.
From the provisions of the clause, it is obvious that government is meant to remain neutral to all religions as the clause requires that government should neither respect, elevate nor favour religions.
