"The answer is Caliphate.The territory of a caliph is called a caliphate. Caliphate is an Islamic area which is believed to be the residence of the Caliph. Caliph is a person that is believed to be the religious successor of Prophet Mohammad."
Karl Marx was an influential German thinker and revolutionary who pioneered the idea of Communism. Communism is a social, political, economical, and philosophical idea which has the absence of social classes, money, and the state in the society. Communist societies has two social class: the working class and the capitalist class.
Securities Exchange Commission (SEC) created to Regulate the stock market
.
<h3><u>
Explanation:</u></h3>
Securities and Exchange Commission was created to regulate the stock market of the USA. It stands as a watchdog which surveys over security transactions to stop fraud and deception. The main motto of the SEC is said to be the prevention of deceptive and manipulative fraudulent practices of the stock market and also the monitoring of the takeover of corporate companies in the financial market.
Generally, the issue of securities to investors happens over the internet or in the mail. SEC checks whether the firm selling such securities are registered with SEC or not. Registration with SEC ensures that the firm issuing such securities are not engaged in any fraudulent activities.
Answer:
Entrepreneurs independently choose the field of activity, suppliers, contractors, markets. They have the right to engage in pricing, implement their long-term plans, as well as freely dispose of their property and income. The consumer in such a system is also independent. He is guided only by his needs and understanding of the marginal utility of the good. A market economy tends to self-regulate through a market mechanism. The gradual establishment of a balance of supply and demand contributes to the formation of equilibrium prices within which industries operate.
The internal rivalry of companies has a positive impact on the economic system of the country as a whole. Competition contributes to the expansion of production, its automation, optimization, implementation of innovative technologies and approaches to creating economic benefits. It encourages manufacturers to create exactly those goods and services that consumers need. Market self-regulation takes place through competition. The gradual establishment of the equilibrium of the system leads to a natural reduction in the cost of production, which in turn increases the wealth of the population and its degree of satisfaction with respect to the goods offered by the market.
Explanation:
It was Karl Marx who said that the workers in industrial countries must create a
<span>revolution, overthrow the existing governments using force if necessary, and then create a new classless society.</span>
