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:
B. there is economic growth.
Explanation:
The long-run aggregate supply curve is a a vertical curve that illustrate the way that the aggregate demand in an economy affects the total output of that economy, but only temporarily. Therefore the long-run aggregate supply curve shifts outward when there is economic growth within the economy in question. This can be seen from the graph below.
<span>When a woman talks about her problems with a friend, she usually wants sympathy or understanding.
Women usually don't want a solution to their problems, but rather someone to listen to them and understand that they are stressed or sad, and be there for them. They don't want practical advice either, because they will come up with a solution eventually. I don't know who would want the last option - it is clearly incorrect.
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Answer:
Egypt was called the gift of the Nile because without the Nile there would be no human life in Egypt
Explanation:
Answer:
Pregnant adolescent are at higher risk to get mental health problems such as depression, intense stress and pressure to become parents. They are faced with a lack of support from family and community that will lead to depression, making wrong decisions and abusing drugs.
Teenage pregnancies are associated with increased rates of alcohol abuse and substance abuse, lower educational level and reduced earning potential in teen fathers. Eighty percent of teen mothers must rely on welfare because they lack the knowledge and skills to provide for the baby.
The long-term consequences include lowered educational achievement, medical complications, higher subsequent fertility, low labor force participation, reduced earnings, a lifetime of economic stress and limited opportunity, and marital failure.
