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An economic system where goods and services are produced for use and decisions regarding investment and the allocation of factors of production are determined by decentralized planning, where management within organizations is democratic.
This goes hand-in-hand with a society where individuals are free to maximize their potential and realize self-actualization in a non-exploitative and non-alienating society.
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∙ 11y ago
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Which economic system has the government answering the basic economic question pure capitalism or pure socialism?
I will study the doctorines of Socialism carefully before I rush to hasty, economically driven conclusions. Sorry to post on this thread without expert knowledge.
Is the US a pure capitalist system or a pure command system?
The US is neither, however it leans much towards Capitalism, and with the new healthcare, socialism.
How is a mixed economy is a mixture of command and pure market economy?
It’s called capitalism: class ownership, wages system, production for sale.
What economic system did Karl Marx popularize?
In his Communist Manifesto, he argued for socialism as a realistic solution to many of the class problems evident in his society. He also assumed socialism would eventually be replaced by pure communism, but that a jump from capitalism to communism was not viable without socialism as a transfer system.
Which economic system best describes the United States?
The U.S. economy can be best described as socialism B. The U.S. economy is a pure market economy.
Was communism or socialism first?
It was from Socialism that Communism was born.
What type of economic system did Joseph Stalin create?
Stalin ruled over a state capitalist system, but he didn’t create it.
Why socialism book written by?
socialism
The African form of socialism was based on what?
There was no African form of Socialism.
Is the interstate commerce act a valid example of pure socialism?
The Interstate Commerce act has nothing to do with socialism. Socialism has to do with ownership of the means of production and distribution, which means how the surplus value generated by the means of production is used. It is an example of government interventionism in a market-based economy. It did not attempt to change the method of ownership and allocation of surplus value in the railroad industry, nor did it attempt to introduce worker self-management.
What is classical socialism?
"Classical socialism" usually refers to the conception of socialism that emerged in the late-19th century as an economic system that operated according to different economic laws than those that operate in capitalism. These included the idea of economic planning in place of markets for capital goods, measuring value in physical quantities instead of using money, and public ownership of resources in place of private ownership, along with worker's democratic management in the economy. "Classical socialism" differed from later developments in the 20th century, especially neoclassical socialism, which included a role for money and prices in a socialist system, and the Soviet-type economic system (sometimes called "actually-existing socialism"), which was meant to be a transitional economy in-between capitalism and pure socialism.
What is a socialism country?
While there is no country that is purely socialist, there are several that come very close. Sweden is probably the best example of a socialist country in the world.
