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.
Tuskegee, Alabama, U.S. George Washington Carver (1864 – January 5, 1943) was an American agricultural scientist and inventor who promoted alternative crops to cotton and methods to prevent soil depletion. He was the most prominent black scientist of the early 20th century....
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It was art. The Neolithic Age was known was the New Stone Age. It was a way of advancing the innovating the culture.
The way that i might respond based on what you learned in this activity is that for us to know if there is a hot hand in basketball, we have to require to look at he people who regularly play basketball, and then we can be able to know the information about their basketball shooting stream.
<h3>How would you know if there is a hot hand in basketball?</h3>
To say a player is “hot” or has “hot hands” is a term that connote the fact that the player is seen as been on a streak of making a lot of consecutive shots.
It is one that is also known to mean a lot of things and as such, The way that i might respond based on what you learned in this activity is that for us to know if there is a hot hand in basketball, we have to require to look at he people who regularly play basketball, and then we can be able to know the information about their basketball shooting stream.
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