Answer:
Answer is in explanation
Explanation:
In a command economy, the government determines what is produced, how it is produced, and how it is distributed. Private enterprise does not exist in a command economy. The government employs all workers and unilaterally determines their wages and job duties. Some advantages can be less inequality because the government controls the means of production in a command economy, it determines who works where and for how much pay. This power structure contrasts sharply with a free market economy, in which private companies control the means of production and hire workers based on business needs, paying them wages set by invisible market forces. Low Unemployment Levels, Unlike the invisible hand of the free market, which cannot be manipulated by a single company or individual, a command economy government can set wages and job openings to create the unemployment rate and wage distribution that it sees fit. Disadvantages can be Lack of Competition Inhibits Innovation, Critics argue that the inherent lack of competition in command economies hinders innovation and keeps prices from resting at an optimal level for consumers. Although those who favor government control criticize private firms that esteem profit above all else, it is undeniable that profit is a motivator and drives innovation. At least partly for this reason, many advancements in medicine and technology have come from countries with free market economies, such as the United States and Japan. Inefficiency, Efficiency is also compromised when the government acts as a monolith, controlling every aspect of a country's economy. The nature of competition forces private companies in a free market economy to minimize red tape and keep operating and administrative costs to a minimum. If they get too bogged down with these expenses, they earn lower profits or need to raise prices to meet expenses. Ultimately, they are driven out of the market by competitors capable of operating more efficiently.
Richard Arkwright was the founder of the factory. He was the first person to invent a machine that used a different form of power other than man. People called him the Father of the Industrial Revolution.
Answer:
James Richard "Rick" Perry
Explanation:
is an American politician who served as the 14th United States Secretary of Energy from 2017 to 2019.
Beating the french was a big deal because they were a super power.they also won the land of north america and canada.this angered the french and was one of the factors to the french helping the americans in the revolution.it essentially boosted power and ego
Answer:
As for Britain's response, it was initially no more than the dropping of anti-Nazi propaganda. leaflets-13 tons of them- over Germany. They would begin. bombing German ships on September 4, suffering significant losses.
Explanation:
I majored in History.
