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hichkok12 [17]
2 years ago
15

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

Social Studies
1 answer:
devlian [24]2 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:

Before slavery became an issue, it is socially acceptable for American people to see that people from a certain race or ethnicity are inferior over the other.

They use that as a justification for all horrible things that they did to these minorities.  For example, They enslaved the Black people, heavily overwork Mexican and Asian people on their labor, massacre the native american people to steal their land, etc.

As industrial revolution came into united states, more American people realized that they would no longer need slavery as their labors. They can use machinery to increase their production instead.

This led to a new wave of progressive movement that advocated for the Abolishment of slavery. It opened up people's eyes that they've been using fellow human being as a tool for production and they aware they need to took drastic measure to give them freedom. This eventually led to the civil war which won by the union and force the southern states to gave up slavery.

But the movement didn't stop there. People believe that US faced other social issues that needed to be addressed. So the progressive movement continue to brought attention to problems such as giving women's right to vote, providing legal citizenship for the ex-slaves, Providing workers with minimum wage, etc.

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Explanation:

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Explanation:

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