Socialism is based on some form of social ownership of the mans of production.
Communism is the next stage of the socialism.
Marxism is a political ideology that calls for central planning of the economy.
Only under a capitalism ideology the economy runs through the private business. This is a free market economy.
Answer: B ) Capitalism
I believe the answer is D, “A simple majority of Electoral College votes is required in order to win.”
D.Silk
Explanation: American imports from China largely consisted of cloth(nankeen and silk).
ANSWER: The Chinese society that was only known for its local tradition and martial arts became the fastest growing economy today, due to how the society became innovative and always hardworking.
EXPLANATION: The Chinese innovation in technology actually grew due to how the U.S and British invested into it's industrialization, because Chinese labor market was very cheap, and the population are also very sincere and hardworking. The U.S found this as an advantage to build it's industry at a very cheaper rate for labor, tax, land, and also government policy. It attracted so many investors to China because corruption was not high in it's government, and the citizens were sincere to foreigners and ready to work.
The Chinese were also a smart set of people that grabbed the innovation in technology and began to produce more innovative feature in the technologies that was brought to it's country. Though it's culture is still rich, but Technology has become richer that it's culture.
