Answer:
Poverty is a state or condition in which a person or community lacks the financial resources and essentials for a minimum standard of living. Poverty means that the income level from employment is so low that basic human needs can't be met.
Explanation:
The Chinese communist party’s approach when it took power was to institute a <u>"Planned economy"</u>
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The history of the Chinese Communist party began with its establishment in July 1921. A look at a group led by Peking university professors Chen Duxiu and Li Dazhao to discuss Marxism, brought about intellectuals officially founding the Chinese Communist party (CCP) in July 1921.
In 1923, Sun Yat-sen invited the CCP to form a United front and to sign up for his Nationalist party (GMD) in Canton for training under representatives of the Comintern, the Soviet Union's international organization.
The Soviet representatives reorganized both parties into Leninist events. Rather than a loose organization that characterized the 2 parties till then, the Leninist party operated on the principle of democratic centralism, in which the collective management set standards for membership and an all-effective central Committee determined the party line, which all members should observe.
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Political Ideology is a consistent set of values and beliefs about the proper purpose and scope of government.
<h3>What is a Political Ideology?</h3>
- Political ideologies typically focus on how to distribute power and how it should be employed. The effect of moral entrepreneurs, who occasionally act in their interests, is a contributing factor in an ideology's appeal.
- Political ideologies include two components: (1) aims, or how society should be run; and (2) means, or how best to get there. An ideology is a body of beliefs.
- Each ideology typically has opinions about the best type of government (such as autocracy or democracy) and the greatest type of economic system (e.g., capitalism or socialism).
- Sometimes an ideology and one of its central beliefs are both denoted by the same word.
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Alexander Hamilton wanted to create a national bank because he believed there should be a standard form of currency, and to finally put an end to close the massive debt war between the Northern and Southern states. Hope this helps (ﾉ◕ヮ◕)ﾉ*:･ﾟ✧
