Capitalists are people who believe in the principles of economic freedom and personal wealth. People who believe in the opposite (planned economies and collective wealth) are called communists.
The profit of everything gained is shared as a whole.There are no big businesses since the concept of communism is what socialists live by.The government decides on how the money should be shared among the society.
Workers are motivated by the need to work for wages in order to survive, while capitalists are motivated by the need for greater profits.
There are 3 types of economies are : - 1.government economies 2.market economies
Scale of economies = the size of the economies - i.e how big the economies/savings are. Economies of scale = those economies that come as a result of the organization being big (as opposed to the same costs of in organization which is smaller)
micro-economies is the study of scarsity and thee need to make trade off.
poverty is always higest in countries with market economies
The plural of economy is economies. As in "the economies are failing".
by the wind
the competition in the market economies encourages both qyality and low prices.
Most mixed economies can be described as market economies with strong regulatory.
OF WHAT SIGNIFICANCE IS ECONOMIES OF SCALE IN THE ESTABLISHMENT OF COMMERCIAL ENTERPRISE?. economies of scale
the Depression existedthe federal government should try to fix people's problemsAmericans should offer aid to European economiesany relief efforts were necessary to ease the economic crisis
They had the least diverse economies of the colonies
Command, traditional, and market economies
That depends on what three 'economies' you are talking about.
it will boost other economies.
Socialism refers to a broad set of economic theories of social organization advocation state or collective ownership and administration of the means of production and distribution of goods, and a society characterized by equal opportunities for all individuals with a fair or egalitarian method of compensation. The first socialists predicted a world improved by harnessing technology and combining it with better social organization, and many modern socialists share this belief, although modern socialists have a bigger emphasis on egalitarianism whereas traditional socialists favored meritorcracy. Socialists mainly share the belief that capitalism unfairly concentrates power and wealth among a small segment of society that controls capital, creates an unequal society and does not provide equal opportunities for everyone in society to attain such status. Therefore socialists advocate the creation of a society in which wealth and power are distributed more evenly based on the amount of work expended, although there is considerable disagreement among socialists over how, and to what extent this could be achieved. Socialism is not a concrete philosophy of fixed doctrine and program; its branches advocate a degree of social interventionism and economic rationalization, sometimes opposing each other. Another dividing feature of the socialist movement is the split on how a socialist economy should be established between the reformists and the revolutionaries. Some socialists advocate complete nationalization of the means of production, distribution, and exchange; while others advocate state control of capital within the framework of a market economy. Socialists inspired by the Soviet model of economic development, have advocated the creation of centrally planned economies directed by a state that owns all the means of production. Others, including Yugoslavian, Hungarian, Polish and Chinese Communists in the 1970s and 1980s, instituted various forms of market socialism combining co-operative and State ownership models with the free market exchange and free price system. Social democrats propose selective nationalization of key national industries in mixed economies combined with tax-funded welfare programs and the regulation of markets; Libertarian socialism (which includes Social anarchism and Libertarian Marxism) rejects state control and ownership of the economy altogether and advocates direct collective ownership of the means of production via co-operative worker's councils and workplace democracy. This article was quoted from Wikipedia, The Free Encyclopedia.
The competition in market economies encourages both quality and low prices.
Internal economies of scale arise when the cost per unit
all economies today are actually (mixed)