The second largest group was from Germany
Private Property:
In this economy private property is allowed. All means of production like machines, implements, mines and factories etc. come under private property.
(ii) Price Mechanism:
Capitalist economy is gained by price mechanism. Here prices are determined by the interaction of demand and supply without the interference of any kind by the government or any other external forces.
(iii) Freedom of Enterprise:
In this system every individual is independent to his means of production in any occupation that one likes.
(iv) Sovereignty of that consumer:
Under this system, consumer plays the most vital role. The entire production pattern is based on the desires, wishes and the demand of the consumer.
(v) Profit Motive:
The maximisation of profit is the main motive of the producer. Profit guides the production in this type of economy.
(vi) No Government Interference:
Under capitalistic system, government does not interfere in day-to-day economic activities. This means producers and consumers are free to take decisions.
(vii) Democratic:
The capitalistic system is more democratic in comparison to other economic systems as there are more changes to chancel according to new environments of the economy.
(viii) Self-Interest:
The inspiring force in this system is self-interest. It leads to hard work and to earn maximum income by satisfying their consumers.
The correct answer is TRUE.
The Bolsheviks and the Mensheviks were the two factions that emerged in 1903 inside the Russian socialist movement, whose principal objective was to abolish the czarist state. The division started after an argument between Martov and Lenin, and each of them together with their supporters ended up constituting the Menshevik and the Bolshevik factions respectively.
Both factions worked for the emergence of a proletarian revolution but Mensheviks were more moderate and, for example, trusted in the existence of a positive liberal opposition. Bolsheviks, in turn, aimed to break completely with all the structures from the former system.
On February 2, 1848, the treaty was signed in Guadalupe Hidalgo. It called for Mexico to cede 55 percent of its territory, including what is now Arizona, California, New Mexico, and Texas, and parts of Colorado, Nevada and Utah, in exchange for fifteen million dollars in war compensation.
The correct answer is letter A
The Renaissance is the historical period of Europe that succeeds the Middle Ages, beginning in the middle of the 14th century until the end of the 16th century. However, there is no specific milestone, event or date for the beginning of this period, and it happened naturally and gradually.
In artistic terms, the Renaissance will succeed Gothic, and its main characteristic is its approach to Antiquity. But the aim of the Renaissance artist was not to copy the greatness and excellence of Classical art, but to match these creations.
During this period, artists (of Fine Arts) are no longer considered mere artisans and are seen as intellectual men. This change in attitude towards the artist led to the collection of works of art, since everything that came out of the hands of a master was considered of great value.
There are also workshops, which will later lead to the creation of academies, and artists gain more freedom, functioning almost as entrepreneurs.
