0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
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
Why is Socialism important in today's business world?
Sochialism is dumb
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 is socialism important in one country?
because it is silly like your mum
Is 'The Communist Manifesto' considered an important work on socialism?
Yes.
What are the characteristics of socialism?
Socialism has many defining characteristics, but two important ones are listed below.government ownership of resources other than laborcentralized economic decision-making
Why competition is an important of a free market system?
Without competition, people wouldn't have a lot of choices
Why is competition important?
Competition is important because without it there would be no markets. What would sports be like without competition, nothing and it is the same with the economy. Competition can be taken away with the use of monopolies, and this was evident in the early 20th century. Competition plays a necessary role in the economy around the world and keeps it going.
Is competition important?
Competition is important because without it there would be no markets. What would sports be like without competition, nothing and it is the same with the economy. Competition can be taken away with the use of monopolies, and this was evident in the early 20th century. Competition plays a necessary role in the economy around the world and keeps it going.
What is the importance of competition?
Competition in business is important for several reasons. First, competition drives innovation. Second, business competition brings better quality. Finally, business competition keeps price inflation in check.
What do you feel is the most important part of the competition?
i think for me the most important part of the competition is you know how to deal with the other candidates and people not only the candidates and people but also in our environment.
