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.
<span>how brain chemistry relates to depression</span>
The 2016 Puerto Rico Democratic primary took place on June 5<span> in the U.S. territory of Puerto Rico as one of the Democratic Party's primaries ahead of the 2016 presidential election.
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Answer:
A) harshness of its hot, dry desert landscape.
Explanation:
Answer: Infantile amnesia
Explanation:
Infantile amnesia is the phase in which a child is not able to remember memories about event before two to four year old.This situation changes as the person tends to improve the cognitive abilities according to the age.
Person near the stage of ten years gets induced with the ability to remember few amount of event memories.This improvement occurs due to encoding and storage capability improves.
