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What is collective or government ownership of production or distribution called?
Wiki User
∙ 14y ago
Socialism--this is the dictionary definition of socialism. Particularly relevant right now, since it is the path we in the US are blindly blundering down as we nationalize banks and buy 60% interest in automakers using taxpayer money, but without the permission of the taxpayers or the administration even bothering to ask the congress. This path has always historically ended in economic collapse and the destruction of the civil society. --Steve Davis Denver, Colorado
Wiki User
∙ 14y ago
Wiki User
∙ 9y agoWhen there is collective or government ownership of production and distribution, the is referred to as socialism. The opposite is called capitalism.
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What type of political system has collective government ownership of the economic system?
Socialism
What system has government ownership of the means of production and is usally associated with totalitarian dictatorship?
Dictatorial state capitalism.
Which was not an attribute of the new nation?
a youthful population literacy among white citizens the federal government made the laws and states enforced them broad distribution of property ownership
Why was the communist system created by Lenin and Stalin seen as a rejection of Western capitalism?
Communism is an economic system almost the opposite of capitalism. Capitalism is the ownership of property and the means of production and wealth is in the hands of private entities. Communism is ownership of property and the means of production by the government and wealth shared with all.
How did apartheid policies influence ownership?
it was the government people
Is a political model advocating collective or governmental ownership of the means of production and distribuction and distribution of goods?
Collective
What is the political model advocating collective or governmental ownership of the means of production and distribution of goods?
This is one definition of "socialism." The social extension is called "communism" in that a classless society shares equally the responsibility and benefits of production.
What economic system has government ownership of the means of production and distribution?
Communism
Public ownership of the basic means of production distribution and exchange?
That would be state capitalism, with the government owning the means of production. In Socialism, there is no exchange, and the whole community owns the means of production.
Under Marxism who must own the means of production?
The means of production is owned by the collective ownership of the workers.
Which are aspects of the communist philosophy?
Communism emphasizes class struggle, collective ownership of resources, and the eventual abolition of private property to achieve a classless society. It also advocates for a planned economy, where the government controls the means of production to ensure equal distribution of wealth among all citizens.
Characteristics of centrally planned economy?
government ownership and control, equality (collective)
What type of political system has collective government ownership of the economic system?
Socialism
What is a collective economy?
A collective economy is an economic system where ownership of resources and the means of production is shared or collectively controlled by a group of individuals or the community as a whole. In this system, decision-making and distribution of goods and services are often based on principles of cooperation and mutual benefit rather than individual profit.
What are the main features of socialist model of development?
A socialist economy is characterised by public ownership of the means of production and distribution. There is collective ownership whereby all mines, farms, factories, financial institutions, distributing agencies (internal and external trade, shops, stores, etc.), means of transport and communications, etc.
What do you call a system that looks at the production of goods the distribution of wealth and the ownership of land and industry?
economic systemcollective
What do we call a system that looks at the production of goods of the distribution of wealth and the ownership of land and industry?
a private system
