Found electricity by flying a kite in a storm <span />
One of the reasons why the Great Leap Forward failed in China is because "<span>Poor implementation, natural disasters, and the withdrawal of Soviet support led to the failure," although it had much more to do with poor implementation. </span>
Socialism
Socialism advocates that the means of production,
distribution, and exchange should be owned or regulated by the community as a
whole. This denies the individual the opportunity to make their own free
choices as it limits them politically and economically.
T<span>he term “supply-side economics” is used in two different but related ways. Some use the term to refer to the fact that production (supply) underlies consumption and living standards. In the long run, our income levels reflect our ability to produce goods and services that people value. Higher income levels and living standards cannot be achieved without expansion in output. Virtually all economists accept this proposition and therefore are “supply siders.”</span>
