Troubleshooting issues in Python script

In this fragment of Python code, there are typical errors that need to be fixed: overriding the built-in name type and incomplete call of the print function. Correct them by using safe variable names and adding the missing parenthesis.

text = "Hello World"
text_type = type(text)  # Was: type = str (incorrect override)

for i in range(len(text)):
    print(text[i])

print(
    f"Element: '{text}', type of element: '{text_type}'"  # Added closing parenthesis
)

After the fixes, the program outputs each character of the string and then prints a message with the correct variable type.