A socialist economy is a system of production where goods and services are produced directly for use, in contrast to a capitalist economic system, where goods and services are produced to generate profit (and therefore indirectly for use). "Production under socialism would be directly and solely for use.
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The arts thrived during the reign of Queen Elizabeth.
Answer: The five characteristics of classical civilizations are:the ability to adapt and change; patriarchal nature of the families; economy changed from agrarian to complex; lasting marks on art, architecture, literature, language, and science; and complex trade systems.
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The correct answer to this open question is the following.
The dates associated with the industrial revolution are the following. The Industrial Revolution is considered to be started in 1750 and ended in 1914. We have to consider that there were two periods that historians mark as the First Industrial Revolution and the Second Industrial Revolution. During the first period (1750-1850), industries manufactured more raw materials and natural resources. During the second period (1850-1914), industries focused on different goods such as soil and steel.