Production carried out directly for use, social ownership of large-scale industries, and collective decision-making within enterprises.
It is contrasted with capitalism, which is based on: Production carried out for private profit, private ownership of large-scale industries, and hierarchical decision-making within enterprises.
(Apex) Profits from industrial production should be jointly shared by members of the community.
Socialism
No, socialism is an economic system with specific economic models. It is not as much a political ideal as it is an economic system intended to lead to certain social outcomes.
socialism
The U.S. economy can be best described as socialism B. The U.S. economy is a pure market economy.
socialism
Socialism
mixed system
Socialism
There are 3 main economics for economic system which are given below: 1.) Capitalism economic system 2.) Socialism economic system 3.) Mixed economic system .
Not everyone agrees about which economic system best promotes economic equality. Those who advocate for socialism often argue that it's the fairest economic system.
socialism
socialism