Answer:
Answer is in explanation
Explanation:
In a command economy, the government determines what is produced, how it is produced, and how it is distributed. Private enterprise does not exist in a command economy. The government employs all workers and unilaterally determines their wages and job duties. Some advantages can be less inequality because the government controls the means of production in a command economy, it determines who works where and for how much pay. This power structure contrasts sharply with a free market economy, in which private companies control the means of production and hire workers based on business needs, paying them wages set by invisible market forces. Low Unemployment Levels, Unlike the invisible hand of the free market, which cannot be manipulated by a single company or individual, a command economy government can set wages and job openings to create the unemployment rate and wage distribution that it sees fit. Disadvantages can be Lack of Competition Inhibits Innovation, Critics argue that the inherent lack of competition in command economies hinders innovation and keeps prices from resting at an optimal level for consumers. Although those who favor government control criticize private firms that esteem profit above all else, it is undeniable that profit is a motivator and drives innovation. At least partly for this reason, many advancements in medicine and technology have come from countries with free market economies, such as the United States and Japan. Inefficiency, Efficiency is also compromised when the government acts as a monolith, controlling every aspect of a country's economy. The nature of competition forces private companies in a free market economy to minimize red tape and keep operating and administrative costs to a minimum. If they get too bogged down with these expenses, they earn lower profits or need to raise prices to meet expenses. Ultimately, they are driven out of the market by competitors capable of operating more efficiently.
Ancient China was ruled by dynasties
Answer:
They have kept the country intact
Explanation:
I think this is a very interesting question. In my opinion, I think they have kept the country intact, look at it this way. Political parties means that there exists choice for the people. Absence of political parties makes it a 1 man ruling without the necessary checks and balances. Like in that of a monarchical ruling t, or military ruling. Essentially, one can do and undo as one wishes.
Now, the advent of political parties brings choice, meaning the people can choose. In a situation where party A doesn't fulfill its political campaign promises, they are at risk of being voted out by the people for party B. Party B themselves won't sit down idle, while not in power, they wake the people up to the wrongdoings of party A.
Like I said, the presence of political parties brings choice to the people, and also creates checks and balances. So, yes, they have kept the country intact.
Answer:
While George Washington was president many events occurred. This includes first naturalization law, establishing terms of citizenship, ratification of the constitution, Washington signs the first United States copyright law, capital bill for the establishment of the District of Colombia to be places along the Potomac River, Bill of Rights was ratified, proclamation of neutrality in 1793 to tell Americans to not take sides in the British and revolutionary French, Citizen Genet Scandal, Jays Treaty.
Explanation:
They established the Federal Reserve to regulate the nation's money supply and to place controls on the banking activities.<span />
