<u>Psychoanalysis</u> is Freud's theory of personality and his therapy for treating psychological disorders.
German neurologist Sigmund Freud developed a theory of psychoanalysis It is a theory of personality and therapy that is grounded on the idea that unconscious forces are at the root of a person’s personality, attitudes, and behaviors.
Freud argued that, against the prevailing belief that personalities are inborn, a person’s personality is determined by her childhood experiences which are often forgotten but persist unconsciously. These are the causes of her attitudes and behaviors.
Repression is one way in which a person keeps her conscious thought shielded from these childhood experiences. When there is a conflict between a person’s conscious and unconscious states, anxiety and depression arises.
Psychotherapy thus focuses on uncovering these unconscious impulses as a way of solving mental issues.
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<span>In a centrally planned economy, the government owns and operates production facilities and manages the flow of supply and demand rather than allowing interactions between businesses and consumers to determine supply and demand.
In a pure market economy the government has no role. Instead, the market makes all allocation decisions.
In a market economy, the government does not oversee the day to day micro transactions. Instead, it oversees the economy, making sure that it steps in to stabilize the market if it is going through a recession. The government is also allowed to step in and prevent trade or business with any country that it feels is a threat.
In a mixed economy, the government can create a central plan that guides the economy. The government is also allowed to own important industries, such as aerospace or banking. In some mixed economies the government handles social programs like welfare or retirement.</span>
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.
They were called the Loyalists.