"Variation allows some individuals to survive better than others and so evolve over time" is the reason this <span>this idea important to his theory of evolution. The correct option among all the options that are given in the question is the first option or option "A". I hope the answer comes to your help.</span>
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.
Answer: This concept can be used to determine the acceptable level of risk, by placing the amount of risk in a given situation to balance against time, trouble, cost, and physical difficulty of taking precautions to avoid risk. If a balance is seen with risk against this variables, then the risk is acceptable.
The pitfall to applying this concept are as follows;
• it doesn't guarantee safety.
• it is always expensive, if we want to apply this principle to it best.
• it doesn't have a standard order for all kinds of risk. The application varies from risk to risk, also depending on locations of the risk.
Explanation: The ALARP principle is that risk shall be reduced as far as reasonably practicable. This means that zero risk can not be achieved. But we can achieve zero accident, using the ALARP principle.
Before we can boast for achieving ALARP, we must check if the risk is equal or less than time spent,cost, the trouble or challenge, and the physical difficulty of taking a good measure to avoid the risk. If the risk is equal or less than this variables, that means that the risk has been reduced as far as reasonably practicable.
