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.
The right answer to that question is ra
<span>The legislative branch is an elected position, therefore they are chosen by the people. The legislative branch of the federal government is made up of the congress which is broken down into two chambers, the senate and the House of Representatives.
I hope my answer has come to your help. God bless and have a nice day ahead!
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Answer:
Procedural memory
Explanation:
Procedural memory is the memory that deals with the tasks that we have been accustomed to. These tasks are performed without consciously thinking about them. They generally involve tasks that require motor skills and cognitive skills.
Here, the task of riding a bike becomes something that a person can do without consciously thinking about it. Hence, the question is referring to procedural memory.
