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Socialism means a classless stateless society with no money or prices or buying and selling. hence there can be no such thing as a Socialist economy.
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Darian Altenwerth
Wiki User
∙ 13y agoWhich of the two the socialist economy and capitalist economy is suitable for the economic organization of society
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Is Ghana a capitalist or socialist economy?
Ghana is a capitalist economy.
Is Britain a capitalist or socialist economy?
true
Is free enterprise found in a capitalist economy or socialist economy?
It is found in a capitalist economy. However, do remember no nation currently has a pure capitalist or pure socialist economy. Every nation has a trace of capitalist and socialist
Is france's economy more capitalist or socialist?
Capitalist: class ownership, wages system, production for sale.
Is Austria capitalist?
Austria is predominantly capitalist, but has numerous socialist aspects to its economy.
Is Ghana a capitalist or socialist economy?
Ghana is a capitalist economy.
Is Britain a capitalist or socialist economy?
true
Is free enterprise found in a capitalist economy or socialist economy?
It is found in a capitalist economy. However, do remember no nation currently has a pure capitalist or pure socialist economy. Every nation has a trace of capitalist and socialist
Is France's economy capitalist?
no it is very socialist
Is france's economy more capitalist or socialist?
Capitalist: class ownership, wages system, production for sale.
Is Austria capitalist?
Austria is predominantly capitalist, but has numerous socialist aspects to its economy.
Is Germany's economy capitalist?
It is a Social Market. Kinda Kind of a socialist feel and kind of a capitalist feel.
When socialist and capitalist elements of economics are combined it is called?
mixed economy
Does France have a democratic socialist economy?
France is capitalist: class system, wage labour, production for sale at a profit.
What kind of economic system does France have?
mixed economy between socialist and capitalist
What is the nature of an economist?
Mixed. in India,The nature of economy is Mixed means it is the combination of capitalist and socialist economy.
Can a corporation be run in a socialist way even in a capitalist country?
A corporation can be managed and structured in a socialist (co-operative) way in a capitalist economy. But it cannot be run in a socialist way (produce goods and services for use) in a capitalist economy, otherwise it would not survive in the market. A corporation can be organized as a co-operative, with workers collectively owning the corporation, with internal democracy. But that is the limit to how socialist it can become. It will not be able to operate as a full socialist organization as long as it exists in a capitalist economy.
