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Generally speaking, when the government owns and operates the means of production in a nation competition is removed from all economic activities, at least all major ones. That is said because the operation of owner garden farms or small stores are sometimes allowed to be privately operated, They must be very small enterprises however. The Socialist government can try to create artificial competition. For example the socialist government can have two companies devoted to making military aircraft. The government can say it wants a jet fighter to be produced that can fly at 2,000 miles per hour. Then each factory works on its own to build the best fighter plane that flies at 2,000 miles per hour. The problem is this. The government owned factory who cannot quite produce the desired plane has now lost time and money trying to make that plane. With that said, the bottomline is that since the government owns both airplane factories, it loses money on the failed company but 'gains" with the successful company. This is a "wash" and the artificial competition is only a shell game in a manner of speaking.
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∙ 7y ago
In socialism, competition can exist in the form of market competition between state-owned enterprises or through worker-managed cooperatives striving to improve efficiency and innovation. However, the overall goal of socialism is to prioritize collective welfare over individual competition, aiming to create a more equal and cooperative society.
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What is difference between socialism and US?
Socialism is an economic system where the means of production are owned and controlled by the state or the community, aiming for equality. The US is a capitalist country where the means of production are privately owned, with a focus on individual initiative and competition.
What is a synonym for communism?
Communism and Socialism are the same: a classless stateless society based on production for use).
What Is The Noun Of socialist?
The noun form of "socialist" is "socialism." Socialism is a political and economic theory advocating for ownership and control of the means of production and distribution by the community as a whole.
What type of government is socialism?
Socialism is an economic system where the means of production, distribution, and exchange are owned or regulated by the community as a whole. It can exist in different forms of government, such as democratic socialism or socialist republics.
How can you use the word socialism in a sentence?
Socialism is a conceptual noun, that refers to a certain political philosophy. Thus it can be used in the following possible sentences:Many people view socialism as being the opposite of capitalism.Some people criticize state healthcare as a form of socialism.Socialism is a popular political stance among university students.
What do they call the belief that competition among social classes harms society?
socialism
What is the meaning of the term socialism?
Socialism is an economic system in which goods and services are provided through a central system of cooperative and/or government ownership rather than through competition and a free market system. Refer to link below
How is economic competition applied to socialism and communism?
In socialism, economic competition is limited as key industries are commonly owned and controlled by the state or the community, aimed at minimizing income inequality and ensuring fair distribution of resources. However, some level of competition might exist within smaller-scale enterprises or cooperatives. In communism, economic competition is essentially abolished as the goal is to establish a classless society where resources are shared equally and production is based on need rather than profit.
Why do Americans hate socialism?
Conservative Republicans are opposed to socialism because it is not why the founding fathers fought the American revolution. Another answer is that Socialism divides the wealth of the wealthiest into wealth by the common good. Thus, there is no competition for the wealth because everyone is guaranteed of it. The fear here is that no production will occur when you are given wealth without work. The government sphere follows this strata... Left Communism<---Socialism<---Democracy--->Republicanism--->Fascism Rule by Everyone<---Rule by the fittest--->Rule by 1
Was communism or socialism first?
It was from Socialism that Communism was born.
Why socialism book written by?
socialism
The African form of socialism was based on what?
There was no African form of Socialism.
What does crypto socialism m ean?
fake socialism.
What has the author Sam Gindin written?
Sam Gindin has written: 'The Canadian auto workers' -- subject(s): Automobile industry workers, CAW-Canada, History, Labor unions 'Democracy and productive capacity' -- subject(s): Competition, International, Economic policy, Industrial productivity, International Competition, Socialism
What is difference between socialism and US?
Socialism is an economic system where the means of production are owned and controlled by the state or the community, aiming for equality. The US is a capitalist country where the means of production are privately owned, with a focus on individual initiative and competition.
Make you a sentence using the word socialism?
Many Americans feel that president Obama's health reforms smack of socialism and they don't like it.
When was The Future of Socialism created?
The Future of Socialism was created in 1956.
