It is estimated that as many as 4.5 million Irish arrived in America between 1820 and 1930. Between 1820 and 1860, the Irish constituted over one third of all immigrants to the United States. In the 1840s, they comprised nearly half of all immigrants to this nation.
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: yessssssssssss
Explanation: lets be boys
