Answer:
Private enterprise refers to private ownership of capital and enterprise and the operation of such as a means to generate a profit for private owners or shareholders. An economy dominated by private enterprise is called capitalism. Private enterprise usually relies heavily upon free market principles, but is compatible with regulated markets as well as semi-planned economies as in the case of corporatist economic systems. The basic principles behind free-market private enterprise are that people are free to contract with other people with minimal government regulation.
Communism refers to a state of society where private property in the means of production and wage labor are abolished. Communism is also defined as a doctrine for the liberation of the working class, and is heavily based on the theories of Marxism. Communist theory declares private property in productive property and common resources to be theft, and that profit derived from private owners and shareholders to be exploitation of the producers (proletariat). Free market principles are rejected for a planned economy where the flow of goods and services is controlled by the community, usually through democratic means via council democracy.
Socialism is an economic system whereby either the state or worker cooperatives own and control the means of production, strategic resources and major industry. The principle of socialism is to organize the economy in a rational manner that avoids the pitfalls of capitalism and the free market through planned or state directed economic systems. Socialism can also utilize the market mechanism to distribute goods and services in the form of market socialism, where the state or public retains ownership of major economic institutions. The revenue generated by the state economy would be used to finance government programs, potentially eliminating the need for taxation. A private sector for non-heavy industry can exist in a socialist system, but the state, public or cooperative sector would play the dominant role in the economy.
Most economies are considered mixed economies in the Western world today. Mixed economies include welfare states, social market economies and highly regulated capitalist economies. Features of mixed economies are regulation of private enterprise, progressive taxation, a re-distribution of wealth through welfare programs and social safety nets. Some mixed economies have a large public sector that coexists with a dominant private sector.
What is the right answer hire and fire is the policy of
capitation
socialism
mixed economy
traditional economy
capitalism, socialism, and communism
Communism and Socialism
YES
Socialism is not a compromise between capitalism and communism, it is a distinct economic system and mode of production. A "mixed economy" is often cited as being a compromise between socialism and capitalism, but in practice most mixed economies are interventionist capitalist economies.
Free enterprise Socialism Communism
It was from Socialism that Communism was born.
Capitalism: free enterprise and private ownership Communism: high taxes, no private property Socialism: same as communism)
In mixed economies, the government does not own all property or confiscate all economic output (this is a tenet of communism, or communist socialism).
According to pure Marxist theory this is an impossible condition. Capitalism sets up the conditions for Communism, then Communism totally and completely automatically replaces Capitalism at the right historical time. This is a totally deterministic and inevitable transition that cannot be avoided anywhere in the world, according to Marx.
If "socialism" is defined as public ownership of the means of production, then Norway, Singapore and Dubai would be examples of successful "state socialism" since they have many publicly-owned enterprises in their economies. If "socialism" is defined as co-operative ownership and mutual ownership of enterprise, then the economy of Spain during the Spanish Revolution and various co-operative enterprises operating in capitalist economies would be examples of successful socialism. If "socialism" means production for use, free distribution without the intermediary of money, then the open-source software movement would be an example of successful socialism, though a better description of this would be "communism".
Potentially, yes. Most views of socialism hold that most enterprise will be publicly-owned or collectively-owned by their worker-members, but there would still be a role for private enterprise especially in small-scale distribution and production. Eventually, as socialism develops, there would no longer be a need for the emergence of small private enterprise as most needs and desires will be able to be met by collective and public production units. Communism, in Marxist theory, is a final stage of development where all the means of production are held in common.
Which countries that are under communism , socialism and capitalism