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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.

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13y ago
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paulbenn

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2y ago

Government ownership of the means of production is state capitalism.

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Q: What is the political model advocating collective or governmental ownership of the means of production and distribution of goods?
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Is a political model advocating collective or governmental ownership of the means of production and distribuction and distribution of goods?

Collective


How do you define economics?

Economics is the branch of social science that deals with the production and distribution and consumption of goods and services and their management.


What is the purpose of socialism?

The purpose of socialism is to create a more equitable and just society by advocating for collective ownership and distribution of resources. It aims to address inequality and provide equal opportunities for all individuals, regardless of their socio-economic background. The ultimate goal is to diminish the influence of capitalism and empower the working class.


Which amendment outlawed the production and distribution of alcohol?

The 18th Amendment outlawed the production and distribution of alchol.


Did these developments accounted for the dramatic population growth during the Tang dynasty?

Increase in food production and distribution.


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Which person studies the production distribution and consumption of goods and services?

An Economist studies the production distribution and consumption of goods and services


Which person studies the production .distribution and consumption of goods and services?

An Economist studies the production distribution and consumption of goods and services


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What is collective or government ownership of production or distribution called?

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