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.
<span> feeling of belonging to a group. It is part of a person's self-conception and self-perception and is related to nationality, ethnicity, religion, </span>social<span> class, generation, locality or any kind of </span>social<span> group that has its own distinct </span>culture<span>.</span>
Answer:
The answer is b. understanding is based mainly on basic sensory and motor abilities.
Explanation:
During the sensorimotor period, children's understanding is based mainly on basic sensory and motor abilities.
Answer:
Two basis for measuring development of a country are : i) Average Income or per capita income. ii) National Income or Public facility
