The basic concepts of socialism are as follows; the main idea is that people should live in an egalitarian society where everybody would contribute as much as he can and take as much as he needs, this would give us a society where everybody would be equally well off and nobody would have less. Everything would also be state owned - this has been a solution that happened in the past.
In my opinion, pure socialism cannot succeed but perhaps using some things from it could be very beneficial.
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It begins with the Israelites in slavery. Their prophet Moses leads them out of Egypt and through the wilderness to Mount Sinai, where Yahweh reveals himself to his people and establishes the Mosaic covenant: they are to keep his torah
Answer:
The Treaty of Velasco
Explanation:
The above excerpts are from the document known as THE TREATY OF VELASCO. It was made on May 14, 1836. It comprises 10 articles.
The main purpose of the Treaty of Velasco is to end the hostilities between Texas and Mexico. It was signed by representatives from both sides.
In the treaty, was the agreement to exchange prisoners and released Texas properties forcefully taken by the Mexicans.
The term that is defined as the maximum legal price for a good or service is the price ceiling.
Explanation:
A price ceiling happens once the government puts a legal limit on how high the worth of a product may be. so as for a price ceiling to be effective, it should be set below the natural market equilibrium. When a price ceiling is about, a shortage happens. For the worth that the ceiling is about at, there's a lot of demand than at the equilibrium worth. there's additionally less offer than at the stability worth, therefore there's a lot of amounts demanded than the amount provided. Associate degree inability happens, since at the worth ceiling amount equipped the marginal profit exceeds the distinctive cost. This inefficiency is adequate to the deadweight welfare loss.
