Yes, if everyone voted on economic decisions rather than letting markets decide them, then it could be considered a socialist direct democracy
Direct democracy : a condition in which the people are directly involved in the Governance
Socialist : a condition in which a country's resource are controlled by social community and also for their own benefit
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A central bank is a government-run organization that oversees the currency of a nation or a group of nations and regulates the money supply, or the total amount of money in circulation. Price stability is a primary goal for many central banks.
<h3>What is a central bank and what are its duties?</h3>
An independent national body known as a central bank manages monetary policy, oversees bank regulation, and offers financial services, such as economic research. Its objectives are to maintain low unemployment, avoid inflation, and stabilize the national currency.
<h3>Give an illustration of what a central bank is.</h3>
Economic and monetary policy, as well as the stability of the financial system, are under the control of central banks. These organizations determine interest rates and manage the nation's money supply. One of the world's most potent central banks is the U.S. Federal Reserve.
To Know more about central banks.
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Answer:
b: from many small farms to fewer large farms
Explanation:
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