<h3>An economy in which only the government makes the economic decisions is a</h3>
Answer : Command Economy also called Centrally Planned Economy
Hope this helps!
Answer:
In the 1200s, the way both European and East Asian society is pretty much the same. They both believed in the idea that there were a certain bloodline that must be obeyed the rest of the people and will be granted with the right to rule over them. There were basically no punishment for nobles who violate the rights of the commoners.
Even the way they operate their military is similar. They teach the value of 'Honor' to the soldiers as a basic principle in order to make them not afraid to sacrifice their lives in the battle field.
Between 1300 - 1600, European nations entered the renaissance period. The previous belief which made people think that nobles have the right to rule over everything were gradually changing. They started to developed the idea that the government should exist to protect the people, not the other way around. This was when the idea of democratic government started to expanded across Europe.
On the other hand, this idea just became popular in East Asia in mid 1500s. They also didn't get as much momentum as the one in Europe. As a result, East still adopted a very constricted view on human rights within this period and Government role's to protect it. Even in mid 1900s, japan still joined forces with the Nazi because they believed that they are destined to rule over Asia.
I believe Economist such as Adam smith would believe that.
Adam smith is one of the original economists that popularized the free market system. He believed that even with less or no Government intervention, the Market will regulate itself to the power of 'invisible hands' (or what we known as the power of supply and demand that always move toward equilibrium)
Answer:
i did this lesson a year ago and im pretty sure its true
Explanation:
good luck bb <3
