Gig abite is a bright, hard-working engineer who once owned a successful engineering consulting firm in his native country of frinezia. gig became discouraged by the high tax rates in frinezia, so he immigrated to the united states eleven years ago. soon after moving to the u. s., gig again started his own business, which he named giganeers consulting. the company struggled at first, and almost went under midway through its second year. however, gig never lost faith, the company survived, and it soon developed a growing reputation for quality work and dependable service

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Business

Lillie Garcia

17 June, 17:47

Gig abite is a bright, hard-working engineer who once owned a successful engineering consulting firm in his native country of frinezia. gig became discouraged by the high tax rates in frinezia, so he immigrated to the united states eleven years ago. soon after moving to the u. s., gig again started his own business, which he named giganeers consulting. the company struggled at first, and almost went under midway through its second year. however, gig never lost faith, the company survived, and it soon developed a growing reputation for quality work and dependable service

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Russell Hansen · Answer 1

This is an example of theory of socialism. The survival of relatively high tax rates and the emphasis on government programs to reallocate income are trademarks of socialism. Under socialism, governments commonly own some, if not most, basic businesses. Nonetheless, socialism, unlike communism, does permit at least some private ownership of businesses as well.