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:
Fixed, fastened or closed firmly, hard to move, being pulled or drawn out fully.
Explanation:
I majored in Social Studies
Answer: downward communication
Explanation:
Downward communication is a type of vertical communication, it is a communication from bosses to their subordinates, it could contain instructions on job task, organizational procedures and practices, etc.
Answer:
Intimacy vs. Isolation
Explanation:
Intimacy vs. Isolation: In psychology, the term "intimacy vs. isolation" is described as one of the different stages in the psychosocial theory which was proposed by Erik Erikson, and is considered as the sixth stage in his theory that generally occurs between nineteen to forty years i.e the young adulthood period of an individual's life.
During this stage, an individual is generally involved in sharing himself or herself intimately with someone else. The conflict that tends to occur at this stage is forming a loving or intimate relationship with another person.
In the question above, the given statement signifies the intimacy vs. isolation stage.
