Under socialism, prices and wages are set by the government
the law of supply and demand.
a committee of business leaders.
political leaders from all parties.

the government

Explanation:

Socialism implies public ownership rather than the private authority on the property and the resources. Socialism focuses on moving with the cooperation and not in individual terms. A socialist economy refers to the economy where the means of production are owned by the public. Here, the concentration lies in providing goods and services and not to generate profit. The democratic government sets the prices of the goods and the services that can be used in public welfare. The government plays a comprehensive role by regulating economic activities in a socialist economy.

well, paralell is parallel. i am providing links to .

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a series circuit is one with all the loads in a row. there is only one path for the electricity to flow. if this circuit was a string of light bulbs, and one blew out, the remaining bulbs would turn off.

unlike in series circuits, a charge in a parallel circuit encounters a single voltage drop during its path through the external circuit. the current through a given branch can be predicted using the ohm's law equation and the voltage drop across the resistor and the resistance of the resistor.

a parallel circuit has certain characteristics and basic rules: a parallel circuit has two or more paths for current to flow through. voltage is the same across each component of the parallel circuit.

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