The correct statements are:
- <em>Resources are owned by the government;</em>
The command economies are typical for the socialist/communist countries. In this type of economy, the government controls everything, the resources of the country, the production facilities, trade is organized by the government officials, the planning for production of when, how much, and how, is done by government officials... Unfortunately for the people living in this types of countries, this type of economy very often led to big problems, especially in the food supply department.
- <em>Little changes from generation to generation;</em>
This can be seen as trait of both command and traditional economy. In the command economy there are little to no changes as the time passes, so from one generation to another, the changes will either be lacking, or they will be so minor that they will be unnoticeable.
South Africa has a republican government system, with a mixed market economy, composed of private liberty and a centrally planned economy.
<h3 /><h3>What is a planned economy?</h3>
It corresponds to the economic system where most companies belong to the state, which is responsible for decisions that influence business and the economy, unlike the market economy, which is determined by supply and demand.
Therefore, the centralized economy is an important factor in the country, where the state manages most of the wealth produced, with greater control over the economy.
Find out more about planned economy here:
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Answer:
Work done by effort is called hard work.
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The answer is faults because when divergent boundaries occur, the tectonic plates move away from each other, therefor creating a fault in the earths crust.
