It creates the possibility of companies, which are selling a certain product on a market which does not have any other producer, becoming and having the 100% of the market share.
This enables them to completely determine the price that can be very high as people will have to pay if they want to have this product.
It also enables them to determine various aspects about the quality of the product in general.
Usualy all this would be determined by the demand and competition. But in a command economy, all of it is determined by the producer. All the products can therefore look the same and don't need to be produced in excess but in just the right amount for the people which is obviously very hard to determine.
Answer:
Corruption is fundamentally caused by low wages, poor incentive structures and inefficient systems. In addition, it is also caused by the desire for an unfair advantage, and the knowledge that one will not be caught or punished for corrupt behavior.
Yes it can!
Oligarchy means a small group of people in the country having the power. This does not exclude representative democracy: the Oligarchs can represent some people's interests but not the whole population. This is the case for example when not all people have the right to vote: Slaves, women, non-citizens, etc.
Answer:
King Philip II of Spain was, personality-wise, less cautious than Elizabeth I of England. He sought a more active foreign policy, in part because he had to, since he was not only a king, but the emperor of a huge Spanish Empire that included territories all over the world.
King Philip was a devout catholic who saw himself as a defender of the Pope, and as a leader of the counter-reformation. His anti-protestanism was one of his motivations for invading England in 1588.
Elizabeth I was more reserved, in part because he did not have as much power as Philip II. She was the king of a small island-country, not the empress of a transoceanic empire. She was relatively tolerant of other religiouns while being anglican herself.
She did not had a lot military success until the Anglo-English war when her army defeated the Spanish Armada.
Answer:
Explanation:
The fertile land along the great Nile River supported the Egyptian civilization. Egyptians built cities, great pyramids, and a strong kingdom. It expanded into a great empire as art, literature, and architecture blossomed.
