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Svet_ta [14]
3 years ago
10

How does an economic system help a society deal with the fundamental problem of scarcity? 100 words

History
1 answer:
riadik2000 [5.3K]3 years ago
4 0

Capitalism is an economic model which suggests that the government should have the least intervention possible regarding the markets and the development of industries. I should only operate as a regulator.

Under this model, people with the most resources, such as capital or land, will try to earn more wealth by making use of these resources. People with the least resources will be employed by the latter group and offer them labor in exchange for a periodical payment.

This system is the counterpart of Socialism, which attacks the problem of scarcity by trying to make policies in order to guarantee a more equal distribution of wealth.

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Answer:

A dream is the inspiration of accomplishing something as well as hoping for an outcome to come true.

Explanation:

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Republican president's in the 1920s thought fostering business enterprise required:
igomit [66]
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Use the drop-down menus to complete the statements about industialization
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Answer:

1.  Farming

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3.  natural resources

Explanation:

1. Before the industrializatiom most Americans made living through agriculture, particularly farming, planting in large hectares of land known as plantation. Their major farm produce are Indian corn, tobacco, rice and cotton.

Hence, prior to industrialization most Americans made a living by FARMING

2. Samuel Slater was considered as the father of the American Industrial Revolution, due to his role, in which he brought British textile technology from England to America. For this, he was referred to as Slater the Traitor in UK. He designed the first textile mills in U.S and expand the business of textile Mills, which was very lucrative during cotton plantation period, which in turn serves as the beginning of industrialization period America.

Hence, the father of the American Industrial Revolution was SAMUEL SLATER

3. The most important factor that caused the rapid industrialization of the United States was it's presence of iron and steel as the natural resources, this helps in construction of railroads, trains, high bridges, ship building and high rise buildings, these are agents industrialization caused by Natural Resources.

Hence, the most important factor in the rapid industrialization of the United States was Its NATURAL RESOURCES

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3. How did Johnson's Plan for Reconstruction differ from Lincoln's plan?
natima [27]

Answer:

B

Explanation:

Johnson's plan wasn't as willing to give as much freedom to newly free slaves as Lincolns was. Johnson wanted to give the land back to the south unlike the RR. Johnson's plan gave less protection to freed slaves then the Radical Republican's plan. Unlike the 10% plan, the plan they had wanted to punish the south.

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Answer:

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Read 2 more answers
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