Scarcity is the fundamental challenge that all individuals and nations must confront. Everyone faces some limitations, so we all have to make choices where we limit or allow ourselves to something.
Economists generally recognize four types of economic systems traditional, traditional, command, market and mixed.
A traditional economic system is shaped by tradition. The work that people do, the goods and services they provide, how they exchange resources… all tend to follow a pattern. The traditional system is bad at addressing scarcity because scarcity is formed off of new requirements people have through the ages and a traditional system would not evolve just as our requirements would.
In a planned economy, the government controls the economy. The state decides how to use and distribute resources. The government regulates prices and wages; it may even determine what sorts of work individuals do.
Socialism is a prime example of a planned economy. Socialism does not work because it is not consistent with the fundamental principles of human behavior. The failure of socialism in countries around the world can be traced to one critical defect: it is a system that ignores incentives.
Market economies allow all economic decisions to be made by individuals. The unrestrained interactions between individuals and companies in the marketplace determine what happens to all the good and resources.Individuals choose how to invest their personal resources and individuals decide what to consume. Within a pure market economy, the government is entirely absent from economic affairs.
A mixed economic system combines elements of the market and command economy. Many economic decisions are made in the market by individuals. But the government also plays a role in the allocation and distribution of resources.
If scarcity is looked at on a macro level, the best economic system is mixed because it allows the government to also plays a role in the allocation and distribution of resources, while the individuals still stay happy because they have some control. The only problem is the eternal question of what the right mix between the public and private sectors of the economy should be.
There is no point to look at it on a micro level because almost no country is small enough to be considered on that level.
Answer:
Forrest Alexander Gump is a fictional character and the protagonist of the 1986 novel by Winston Groom, Robert Zemeckis's 1994 film of the same name, and Gump and Co., the written sequel to Groom's novel. In the film, Forrest is a philanthropist and a war veteran, businessman, and college football player who bears witness to various significant occurrences in the 20th century. He exudes a compassionate, optimistic, and tenacious attitude in the face of countless setbacks and strives to help every person he meets despite his strong naivety. Throughout his life, he maintains a sincere love for his childhood friend Jennifer Curran, who eventually becomes his wife. Tom Hanks portrayed the character in the film and earned his second consecutive Academy Award for Best Actor for his performance (Hanks won the previous year for Philadelphia), while Michael Conner Humphreys portrayed Forrest as a child.
i only knew this nothing else about forest Alexander's life in the novel.
Answer:
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Explanation:
The Battle of Chickamauga, fought on September 18–20, 1863, between U.S. and Confederate forces in the American Civil War, marked the end of a Union offensive, the Chickamauga Campaign, in southeastern Tennessee and northwestern Georgia.[1][2] It was the first major battle of the war fought in Georgia, the most significant Union defeat in the Western Theater, and involved the second-highest number of casualties after the Battle of Gettysburg.
Battle of Chickamauga
Part of the Western Theater of the American Civil War
Chickamauga.
The main aim was to end the decade old hostility between Egypt and Israel.
The Camp David Accords were signed by Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin on 17 September 1978, following twelve days of secret negotiations at Camp David.
Answer: <u>smells </u>is a verb in this sentence
Explanation: Smells is a verb in this sentence because there is an object used.
