The statement is characteristic of a
communist system include:
- The government controls the means of production.
- The government regulates a centrally planned economy.
- Prices and wages are set by the government.
- A single authoritarian party holds complete power.
<h3>What is a communist system?</h3>
It should be noted that a communist system refers to a political system that's creates a classless society.
In this system, the government plays a vital role in the economy.
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The Incas lived in the tough territory of the Andes. They
found ways to overcome their difficulties by building numerous roads and
bridges. They constructed more than 18,600 miles of paved roads in Andes. Since
1994, these roads and bridges have been protected by the UNESCO World Heritage
Sites.
The British government became less involved in the railway business was the outcome was mostly likely to occur after the passage of this part of the act.
<u>Explanation:</u>
One of the greatest and most significant event that occurred after the act, was the privatization of the British railways. This eventually resulted the British government not to involve in any major or even minor decisions to be taken in the department of railways.
All the control of this department went into the hands of a private firm, where they were the ones who were given the rights to take and even change and alter an existing rule or policy in the British railways department.
Even though the Panama Canal is considered to be one of the most prominent engineering marvels of the world, it is literally built on many losses. During building the Canal more than 25,000 people died, mostly because of disease. Over 20,000 people died when the French set a hope to build the canal, and 5,000 died when the Americans did it successfully. It is a really huge sacrifice.
