They were both autocratic ruled by emperors who wielded absolute power.
Both were underdeveloped industrially compared to major western powers, with agrarian based economies at the beginning of the 20th century.
Both had dynasties that had ruled their respective empires since the 17th century. <span />
<span>War communism was the name given to an economic system that existed in Russia from 1918 to 1921.War communism was introduced by Lenin to combat economic problems brought on by the civil war in Russia .....One of the first measures of War Communism was the nationalization of land.</span>
Answer:
Wilson tried to keep the United States neutral during World War I but ultimately called on Congress to declare war on Germany in 1917. After the war, he helped negotiate a peace treaty that included a plan for the League of Nations.
Answer:
more republican issue positions have shaped federal policy
The correct answer to this open question is the following.
Although there are no options attached we can say the following.
The explanation of the laws of supply and demand from the perspective of the consumer (demand) and the perspective of the producer (supply) is the following
In the Capitalists economic system, investors and entrepreneurs took risks when invested their money to create their companies. They let supply and demand established the prices of goods and services. The free market is ideal for them.
For the consumer, the demand is the number of people that ask for a determined product in the market. The more people demand a certain product, the price of this product could be higher if product is not enough.
From the perspective of the producer, if too many people demand the product, the producer can charge more when selling the product to the public. But if consumers are not demanding the product and there is plenty of this product, producers have to reduce the price of the product so people could be interested in purchasing it.
A simple example is winter clothes in summer and summer clothes in winter. Nobody is going to ask for a snow jacket in the summertime, so this product won't be available or is going to be relatively cheap because the weather is hot. On the other hand, during winter, that product would be expensive because a lot of people are going to be interested in purchasing one. And as nobody will ask for short pants, these are going to be cheap.
