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:
States did not have the power to tax citizens or businesses within their states.
Explanation:
Answer:
Reading Subject contents is intended to learn / acquire new information.
Reading fiction is intended for entertainment.
When designing strategies to learn, you need higher level of focus and adjust it to your learning capabilities. You will need to put more effort to understand the content of the book.
This will be a lot of different compared to designing strategies to consume entertainment. You can do it however you feel comfortable. The stakes is significantly low compared to reading to acquire knowledge.
Answer: PROTOTYPE.
Explanation: The first crude pair of blurry goggles developed by the entrepreneurs to show to prospective customers was a PROTOTYPE.
A PROTOTYPE is defined as an original form or object which is a basis for other forms or objects or for its generalization and models. The first crude pair of blurry goggles developed by the entrepreneurs to show to prospective customers is what is known as a prototype. It is a model in which subsequent products will be made after.
Answer:
Hello, your answer here is that there is a path out of suffering. Buddhists believed that there is suffering, suffering has an origin, suffering can cease, and there is a path out of suffering.
Have a great day! :)
