A command economy typically has:
- The demand and the supply controlled by the government.
- Prices that are artificially controlled.
- Resource allocation is determined by macroeconomic considerations, as opposed to those of small firms or business owners.
The most famous example was that of the former Soviet Union.
Answer: Delegates vote at the part conventions for the rules and ideas that they agree with most.
Explanation: A delegate is a person who presents other people in a voting or large setting. The delegates vote for different ideas and rules that they want to see happen without society and are used to speak for the majority. Each delate represents the state they work for.
Answer:
The pandemic has caused the largest and fastest decline in international flows — including trade, foreign direct investment, and international travel — in modern history. While these numbers imply a major rollback of globalization’s recent gains, they don’t necessarily signal a fundamental collapse of international market integration. But how deep will the plunge really be? How fast can we expect global flows to rebound? And how might future flow patterns look different from the past? Leaders can find clues about the future and actionable implications for their companies by focusing on five key drivers of globalization’s trajectory: 1) global growth patterns; 2) supply-chain policies; 3) superpower frictions and fragility; 4) ongoing technical shifts; and 5) my opinion
Explanation:
The state government has policy making responsibilities.
Karl Marx is the person who coined the term "conflict theory". He was using it in explaining conflict that resulted from the differences between social classes. Karl Marx said conflict resulted from the power differences between the social classes. His cure was the state should own all the property and industries then everyone should work for the common good of all.
