0
What is the difference between a market economy and a socialism?
Wiki User
∙ 12y ago
Market economy: a small minority own the resources of the planet; most people have to work for a wage; goods are produced for sale at a profit.
Socialism: the earth’s resources belong to everyone and are used to meet human need; there is no division into rich and poor; no borders or governments.
Jarrod Ruecker
paulbenn
Market economy: a small minority own the resources of the planet; most people have to work for a wage; goods are produced for sale at a profit.
Socialism: the earth’s resources belong to everyone and are used to meet human need; there is no division into rich and poor; no borders or governments.
Wiki User
∙ 12y agosocialism is were males and females have different rights and responsibilities and a market economy is were everyone is treated equally
Add your answer:
Earn +20 pts
What types of economic systems exist throughout the world today?
capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy
What is the difference between market economy and mixed economy?
The difference between market economy and mixed economy is that a marked economy is a marked economy and a mixed economy is a mixed economy
What is the difference between a market economy and a mixed economy?
In a mixed economy, there are more government regulations.
What is the difference between the mixed market economy and the pure market economy?
In a mixed-market econom, the government imposes regulations on the production of goods and services.
“ What is the difference between a pure market economy and a mixed-market economy “?
In a mixed-market econom, the government imposes regulations on the production of goods and services.
How is a mixed economy is a mixture of command and pure market economy?
It’s called capitalism: class ownership, wages system, production for sale.
What is the difference between a mixed economy and a market economy?
A mixed economy is a combination of communist, market and traditional economies. A market economy basically has free reign over the production and distribution of goods and services.
Who said There is a market in a planned economy and there is planning in a market economyThere is no absolute demarcation between socialism and capitalism and you should not waste time searching f?
haw-haw ！I know who is it! you are my classmate!
What is the political system that tends to eliminate the free market economy?
Strong socialism/Communism
What is the political system that tend to eliminate the free market economy?
Strong socialism/Communism
Which economic system best describes the United States?
The U.S. economy can be best described as socialism B. The U.S. economy is a pure market economy.
What is the difference between traditional economy and market economy?
In a {Traditional Economy}, economic decisions are based on customs handed down from generation to generation. In a {Market Economy} individuals make their own decisions about what to produce how to produce it & for whom to produce it.
