The President of the United States of America (POTUS) is the elected head of state <span>and head of government of the United States. The president leads the executive branch of the federal government and is the </span>commander-in-chief<span> of the United States Armed Forces,</span>
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:
"We are back out at sea! Captain says there is about 1 month until we reach the new world. But we don’t know. We’re sailing in unknown regions and I’m afraid we will get lost. Stranded, or even overpowered by enemies. I have recently heard that France is searching for the new world as well. All of the supplies have been recovered when we were in Puerto Rico. Sadly, the captain has gotten very sick and things don’t look very good. We have never seen this disease before and we don’t know if it’s contagious...Like I said before I really hope all these sacrifices are worth it. Although there has been some trouble on this journey but we are more than half way to the new world."
