Answer:
b
Explanation:
thts the only logical explenation
Answer: <em>Option (c) is not correct. </em>
<em>As stated above, the given option is false since Nation or countries that have higher output growth per individual have usually done this in regards to higher productivity growth. This is also done on the basis of an increasing rate of technology and an increase in capital, that further leads to higher output growth.</em>
Southeast id sayyyyyyyyyyyyyyyyyy
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.