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hichkok12 [17]
3 years ago
15

In this economic system, people completely control supply and demand, and the factors of production.

Social Studies
1 answer:
devlian [24]3 years ago
5 0

Answer:

Market

Explanation:

Here are a brief difference between the four systems.

Market : People/the Private sector control the supply/demand along with factors of production

Command : Government control the supply/demand along with factors of production

Mixed : Both the Government and the people control the supply/demand along with factors of production

Traditional : Traditions control the supply/demand along with factors of production

Under the Full market economy, people have the full freedom to determine the outcome in the market. The resources such as land, materials, and   skills will be privately owned and the government has no influence within the market.

One advantage of this system is that the winners of the competition in the market will accumulate high amount of wealth in relatively fast period. But on the downside, lack government involvement often turns the competition dirty and those who hurt other individuals in the process wouldn't receive any repercussions.

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Answer:

The correct answer would be option B, For both nations and individuals.

Explanation:

In determining the living standards, productivity plays a key role for both nations and individuals.

Productivity is basically the measure of being productive. When the effectiveness of a productive effort is measured in terms of the output it generates, this is called productivity. For example, we can say that this new machinery will be able to product 40% more units of the product. This means, the effectiveness of the new machinery is 40% more now in terms of its output.

Now in this example, productivity plays a key role for both nations and individuals. When effectiveness of a productive effort increases, it will directly impact the company, employees of the company, the economy of the country and thus the whole nation and their living standards. Productivity helps in generating more GDP for the economy, and thus also helps in the growth.

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3 years ago
I really need help on this one paragraph is fine anything helps
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Answer:

i think themost influential impact was nationalism because the start was was the assassination of Archduke Franz Ferdinand of Austria-Hungary. they wanted todefend their nation which is why they declared war in the first place. nationalism is what drove each powerinto alliences and enimies

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3 years ago
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C

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Retirement usually does not bring about the same kinds of feelings of loss for people with developmental disabilities as it does
NeTakaya

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If we treat people with disabilities differently it will hurts their feelings because of the Psychological effect it will have on them.

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