0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the role of the citizens in socialism?
Citizens have to pay taxes.
Who decides how much to pay workers and how to use profits in socialism?
In Socialism, the State or Central Government decides all in regards to business and production. Under a system of social ownership, means of production including the amount workers are paid, who they sell to and any other business decisions are the responsibility to the government.
Why should Ron Paul be president?
Ron Paul understands that the Federal Reserve creates inflation and harms the markets as well as college students trying to pay for constantly increasing tuition fees. He also would cut spending and taxes and restore us to a free market system without corporate socialism or government socialism.
What economic system stresses the use of high taxes in order to pay for public services?
Socialism, at least in its Scandinavian form, stresses the use of high taxes in order to pay for public services.
What is the basic principle of tax system?
To generate revenues to pay for government expenditures.
Who holds ultimate power in socialism government?
Australia is a mixed economy with socialist elements and free market element's. In Australia taxes are paid to pay for social infrastructure such as roads schools, hospitals, the army police courts etc, And ultimate power lays in the constitution. That is the behaviour of politicians is limited by the rules set out in the constitution. Socialism is not a form of government. socialism is a frame work of social accountability among the citizens of a country that goes further then just fighting for your country to protect the lifestyle of the wealthy. Socialism can be run under any form of political administration.
Effects of Government Role in Business?
Government pass Laws for the public good, Business is profit driven. If the US Government had not supported some companies for a short time the economy of the whole world would have collapsed. If the Australian Government had not supported the Banking investment system them the whole banking system would have collapsed. Healthy Businesses pay lots of Taxes to provide the money to support Business in hard times
Opportunity costs of a greater government role in the economy?
no control for the businesses so they have to pay for higher expectations and limitations.
What is the role of finance in government sector?
The role of finance in the government sector is to fund several projects. It is important to note that governments need funds to pay salaries and provide various services like building hospitals, roads, and schools.
How do you pay for your government?
How do we pay for our government
Is Parliament justifies in requiring the American colonies to pay for their defense?
Yes..They need to follow the system of the government
What type of economic system does monarchy have?
A Monarchy is a system of government and not necessarily an economic system. The United Kingdom is a monarchy but it has a capitalist system of economics moderated by some socialism aspects. Health care is operated by the government as a socialist system wherein the medical providers are employees of the government and all payments are made via taxes, although some set fees may be involved on a case by case basis. Contrast this with the French medical care system where the government provides health insurance, paid for by taxes, that covers 80 percent of all health costs and the citizens must either pay the balance or buy supplementary insurance to cover it. The medical providers are private enterprises (capitalism). In the UK the post office is operated by the government and, like the US, there are private enterprise delivery services in competition with the government. The UK is a constitutional monarchy (but, without a written constitution!) and Parliament is elected. The Prime Minister is appointed by the majority party. The monarchy has little real power. Contrast this with North Korea, which is a communist state where the government owns and operates all economic activities. There is no private ownership of any business or home and everyone is paid by the government. Yet, leadership is and has been handed down from father to son in every respect as though it was a monarchy. You need to separate the structure of government from the structure of the economy. There are many mixes in different nations and the claims of socialism, monarchy, and communism are quite misused in the political battles of the USA. China and Vietnam are communist nations at the government level yet both have been allowing capitalism to take place in their economies to a greater or lesser extent. Socialism is quite different from communism and the pleasant nations of Norway (monarchy) and Sweden (not a monarchy) have a strong mix of socialism and capitalism within their economies.
