The number of air strikes and battles taking place in the Middle East make it the most war-torn region in the world.
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.
Answer: B: Replied
Explanation: I guessed and got it right
Answer:
by making my time table for that what I should do in this time
<u>Answer:
</u>
Karl Marx argued in favor of communist ideas.
<u>Explanation:
</u>
- According to Karl Marx, it was important to have an equal (not equitable) distribution of resources in order to establish an equilibrium in the distribution of the wealth among the people in society.
- He advocated that private ownership of resources should be restricted and the ownership of all the resources should given into the hands of the community.
- He believed that a specific class should not be allowed to grow at the cost of others well-being.
