What is the purpose of economic system ?

1 answer:

8 0

The purpose of the economic system is to allocate it's scarce resources. Since the resources are scarce (limited) something must be sacrificed to obtain something else. That is why nothing is free (there is no such thing as a free lunch). To use a resource for one thing is to not use it for another.

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How did absolutism manifest in relationships between European powers and their colonies?

Alex Ar [27]

The absolutism manifest in relationships between European powers and their colonies is that irrespective that the colonies may be across an entire ocean, the monarch still has absolute control on them.

<h3>What is absolutism?</h3>

Absolutism can be described as the political theory which states that absolute power should be vested in one or more rulers.

In this case, it should be noted that absolutism manifest in relationships between European powers and their colonies is that irrespective that the colonies may be across an entire ocean, the monarch still has absolute control on them.

Learn more about absolutism at:

brainly.com/question/1894369

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Why did a local conflict between austria-hugary and serbia result in a global war?

a_sh-v [17]

Answer:

In short, the conflict stemmed merely from Austria-Hungary and Serbia’s disagreement over how to handle the assassination of Archduke Ferdinand: the Austro-Hungarian government believed that the Serbian government was connected with the assassination and therefore demanded to be involved in the investigation and judicial process within Serbia.

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3 years ago

Describe the first major political parties in the U.S.

lilavasa [31]

The first two-party system consisted of the Federalist Party, which supported the ratification of the Constitution, and the Democratic-Republican Party or the Anti-Administration party (Anti-Federalists), which opposed the powerful central government that the Constitution established when it took effect in 1789.

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3 years ago

Explain the characteristics of pure capitalism and pure socialism (communist). How closely does the US economy follow the capita

Colt1911 [192]

Pure capitalism can be seen in the US. Businesses are run using capital. Those with the capital have a better edge in running the market. Capital investments, shares, labor, and industries are capital based. The economy gets interconnected with capital. Thus, this makes the US a good capitalist model. However, in this design improvements and profits are not equalized but heavily competed.

On the other hand in socialism, industries are all nationalized or operated by the government. The concern of this economic system is to equally divide the wealth among the people. Everything is centered on the government to control.

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I will give brainlist

aivan3 [116]

Answer: United Nations

Explanation: The headquarters are in New York City.

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3 years ago