Pros
Political parties encourage public participation.
Political parties create checks and balances.
Political parties distribute information throughout society.
Political parties water down special interest investments.
Cons
Political parties can be abusive.
Political parties encourage polarization.
Political parties prioritize themselves.
Political parties sacrifice individuality.
This economic system is called<em> socialism.</em>
Socialism is an economic system where everyone in the society equally owns the factors of production. The ownership as such is in the hands of the<em> government</em> that controls all means of production and distribution of goods.
The factors of production are : land, labor, capital and entrepreneurship.
In a socialistic economy, the land is owned by the state and private property is limited and difficult to obtain. Labor is heavily regulated and most people are employed in state-owned companies. Workers do not have many rights and they have to obey the government which also decides what is being produced and in which capacity ( planned economy ).
Socialism does not reward people for being entrepreneurial and competitive as competition is no existing and everybody reaps the same benefits of their work.
Answer:
The answer is below
Explanation:
There are various different Similarities and differences between the two great me
1. They are both social activists
2. Both of them are Nobel Peace Prize winner
Differences between the two are the following:
1. Kailash satyarthi is an Indian national while Martin Luther King Jr. was an American.
2. Kaatuarthi's civil rights movement was focused on women and girl child education, whereas Martin Luther King Jr. Civil rights movement was strictly based on fundamental human rights.
