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:
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Explanation:
In "Common Sense," a pamphlet published anonymously at the outset of the American Revolutionary War, Thomas Paine argued for the need for the independence of the American colonies from Great Britain. In the beginning, he wrote about general theories of government, focusing then on the specific situation in the colonies.
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Referring to this excerpt: <span>"Fourscore and seven years ago our fathers brought forth on this continent a new nation, conceived in liberty and dedicated to the proposition that all men are created equal. Now we are engaged in a great civil war, testing whether that nation or any nation so conceived and so dedicated can long endure.
I believe the answer is:
</span><span>Many years ago people came together to form a nation, and now a war takes place there
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The first two sentence of the excerpt Tell the story about how the united states was intially formed by the founding father. It also mentioned the story about how the effort of the founding father was almost wasted due to the civil war that take place in the country.
The power to "pick" the president is in the hands of the electoral college, which has over 500 members, and whose only function is to elect the president (and vice-president.)
The electoral college should, but is not obliged to, vote according to the popular vote in the state, and also usually choose to give all votes to the winning candidate. There have been very few instances of electors voting against the expectations of the voters.
