Answer:
For free market economy, we can explain it in 3 expects. First, because households are the 'owners' of productive resources, firms have to pay them for their resources in the resource market, they can produce everything they want, the type and amount of products are determined by every individual firms, but they should produce the goods and service that other companies or household want, and can make the maximum profits, more profits, more motive for the producers. Prices are determined by householders.
While For the centrally planned economy, (it is also called command economy), all the resources (land, labour and capital) in the market are allocated by government, and it makes all the productive decisions, including price determination, so, the centrally planned economy is a government-controlled economic situation. First, a centrally planned economy may choose to produce whatever the government decides is most crucial to meeting society's needs, the government should provide services and goods that can cater to the people's need. Like in the 19th and 20th centuries period, in China, Mao Zedong realized that China is under a low level of heavy industry, so he decided to develop it first, then the light industry, this decision is sensible and realistic.
Answer:
the United States
Explanation:
The Philippine Declaration of Independence occurred on June 12, 1898 in the Philippines, when the Philippine revolutionary forces, under General Emilio Aguinaldo (who would later become the first Republican president of the Philippines), proclaimed the sovereignty and independence of the Philippines. the Philippine Islands of Spanish colonial rule, after it was defeated at the Battle of Cavite during the Spanish-American War.
The declaration, however, was not recognized by the United States or Spain, when the Spanish government transferred the Philippines to the United States in the Treaty of Paris of 1898, on the grounds of compensation for lost expenses and assets.
Although the Philippines celebrated its first Independence Day on June 12, 1898, its independence was not recognized by the United States until July 4, 1946. After that date, Independence Day was observed on July 4. President Diosdado Macapagal signed the Act of Republic No. 4166 in the law of August 4, 1964, designating on June 12 that had been observed until then as "Day of Flag ", as" the Independence Day "of the country.
Answer: New technologies, new methodologies, full labor force, government direction were key factors in creating a strong wartime economy
Explanation:
They both build their own relationship in colonies
