The economic systems and their characteristics are:
Capitalism:
- emphasizes competition
- rewards personal initiative
- pursuit of profit
- advocated by Adam Smith, the “father of modern economics” and author of The Wealth of Nations; doctrine of economic opportunity with little to no government intervention
- doctrine that people can be more prosperous without government intervention
Mercantilism:
- private ownership
- governments sought to gain power by accumulating more wealth than other nations
Communism:
- grew out of socialism
- was a reaction to capitalism
- controls not only all factors of production, but all areas within society
- classless society
- system most associated with Karl Marx, co-author of The Communist Manifesto with Friedrich Engels
- North Korea
Socialism:
- seeks an economy under the collective social control of the working class
- Sweden
<h3>What are types of economic systems?</h3>
Capitalism or Free enterprise is a system that encourages people to get into business for the purpose of making profit. It also allows for private ownership of assets.
Communism does not allow for private ownership and does not believe in a society that has classes. North Korea is an example even though it has classes.
Socialism is a system that calls for the economy to be run by the working class while mercantilism calls for governments to accumulate wealth.
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Answer:
The main purpose of the Sugar Act of 1764 was to raise taxes on sugar.
Explanation:
The Sugar Act was sanctioned on April 5, 1764 by the English Parliament. This law replaced the Molasses Act by halving the taxes levied on molasses, but by imposing new additional taxes on sugar, and aimed at an end to smuggling and to protect English farmers based in the West Indies and for the government to win more money on sugar, which was indispensable at this time. It taxed the sugar that entered the United States of America and was not bought from the English Antilles.
The aim of the sugar law was to encourage settlers to consume only sugar directly from the English. It raised the taxes that settlers had to pay on molasses, wine, coffee, silk, white clothes, luxury goods, and linen in their ports.
Spain and Portugal divided the New World by drawing a north-to-south line of demarcation in the Atlantic Ocean, about 100 leagues (555 kilometers or 345 miles) west of the Cape Verde Islands, off the coast of northwestern Africa and then controlled by Portugal.
The answer is Government officials & Confucian scholars
The feature which distinguished the Cluniac churches in Burgundy is THE USE OF CORINTHIAN COLUMNS AND OTHER CLASSICIZING ELEMENTS.
Burgundy churches represented a huge elaboration of the early architecture plan and served as a model for other churches. The church used columns and other classicising element in the construction of the churches.
