Socialism, at least in its Scandinavian form, stresses the use of high taxes in order to pay for public services.
Economic activities in the communist system is controled by the public in the sense that the government tries to control all economic activities by setting up different organizations and sectors in order to provide social-economic demands to the public or citizen.
The Economic System are the means by which countries and governments distribute resources and trade goods and services.
Both buys goods for consumption and uses goods and services.
to produce and distribute goods and services
to produce and distribute goods and services
is the system of production,distribution and consumption of goods and services of an economy
Socialism
It is a form of a command economy. Communism is an economic theory which stresses that the control of the means of producing economic goods in a society should reside in the hands of those who invest their labor for production.
Economy or "economic system"
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
Socialism.
cheese