<span><span>P. Economic Systems<span><span>RELATED </span>
WORDS</span></span><span>The three systems generally considered the major economic systems in the world are: Capitalism, Socialism, and Communism.CAPITALISM has certain characteristics:<span><span><span>Private ownership </span>of property and of the means of production is the rule.</span><span>Individuals or groups of individuals can invest money in businesses or start their own businesses (free enterprise).</span><span>Owners and investors take risks, but make and keep profits.</span><span>The type, quantity and price of goods and services produced are determined in the marketplace.</span><span>Hard work, the desire to compete, and willingness to try new ideas are important for success.</span>Government is to avoid interfering in the economy.</span>SOCIALISM has certain characteristics:<span><span><span>Public (government) ownership </span>of the major means of production <span>and private ownership </span>of the rest exist together.</span>Individuals or groups of individuals can invest money in certain businesses or start certain types of businesses.<span>Government provides for the <span>general welfare </span>of its people.</span><span>Government plays an active role in the economy wherever and whenever necessary to ensure economic strength and social justice.</span></span>COMMUNISM has certain characteristics:<span><span><span>Public (government) ownership </span>of the means of production is the rule.</span>All businesses are owned by the government and are to be operated for the benefit of the people.<span>People must cooperate and do their fair share of work.</span>The type, quantity and price of goods and services produced are determined by the government.<span>All people are <span>equal </span>and provided with what they need.</span><span>Eventually, there will be <span>no </span>social classes and government will not be necessary.</span></span>The three major economic systems in the world, then, are capitalism, socialism, and communism. The United States practices its form of capitalism. Most of the nations in the world practice some form of socialism. Although no government truly practices communism, some nations describe their economy as communist because that is their ultimate goal. Pure capitalism, socialism, and communism exist only in theory.</span></span>
It depends on Japanese economy and now it's good so far
The term cultural lag<span> is used to describe the situation in which technological advancements or changes in society occur faster than the changes in the rules and norms of the </span>culture<span> that go along with those advancements or changes. hope it helps :)</span>
The cultism causes are people search for responsibility, satisfaction of a person's needs and wants, security and finding social identity.
The effects are possibilities of death, abuse due to the cult activities, can disrupt schooling, expulsion and physical injuries.
To Curb the menace, the Federal Government of Nigeria enacted the decree 47 of 1989 where any cultist guilty will be imprisoned. NGOs also helped our in the campaign through educating students about what the cults are and what it can do to them. There was also religious education where to seek enlightenment and spiritual awakening.
Explanation:
They were worth ten times more than the cost of the journey
