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.
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Explanation:
The connection between how the hate messages of some government officials today is making Chinese Americans the target of xenophobic attacks from other Americans and the differential treatment given to Chinese immigrants who built the transcontinental railroad was that donald trump was saying that the coronavirus was made because of china so he called it “Chinese Virus” and Chinese people had built the railroad and they were paid for it but they didn't get any recognization they weren't be noticed for there part in the job
Im not positive but Im pretty sure that #18 answers #17 and an autocracy is ran by someone who has a lot of power
True, because how many babies are born and how long people live affect a country's population and size
