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What was a form of complete socialism in which the means of production would be owned by the people and private property would cease to exist?
Wiki User
∙ 12y ago
Communism
Wiki User
∙ 12y ago
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Was a form of socialism in which the means of production would be owned by the people and the private property would cease to exist?
Communism
What is the philosophy that advocates public rather than private control of property?
Socialism advocates for public rather than private control of property. It believes that the means of production, distribution, and exchange should be owned or regulated by the community as a whole, rather than by private individuals.
Is an economic system in which private property is eliminated.?
Socialism has no private property in the means of production, as the planet’s resources belong to all the population in common. But people still own homes, clothes, etc.
Do protecting property rights match with socialism?
Socialism is based on a different set of property rights than capitalism. Socialism is based on public property and co-operative property in the means of production, and individual property for small-scale enterprise. So yes, socialism is compatible with the protection of co-operative, public and individual property rights, whereas capitalism matches with protection of private property rights.
What Is an economic system in which private property is eliminated?
Socialism has no private property in the means of production, as the planet’s resources belong to all the population in common. But people still own homes, clothes, etc.
List two differences between the capitalist and socialist ideas of private property?
Capitalism and socialism both respect private property. Communism is a form of socialism where all 'means of production' are publicly owned--that is factories, farms, mines, etc. But socialism itself respects property rights. Capitalism, when it runs amuck as it has in the US, tends to see property rights as being above human rights or civil rights. Because the rues are dictated by the property-rich. But putting property above people is not inherent in capitalism, usually.
Is the philosophy that advocates public rather than private control of property?
socialism.
How do communist and socialist political theories differ?
Communism is an extreme form of socialism and permits no private property.
Economic and political philosiphy that favors public or social instead of private control of property and income?
socialism
What is mixed socialism?
There can be no such thing. Socialism (classless stateless society based on production for use) cannot be mixed with any other system.
What is the 3 factors of economic systems?
Capitalism: free enterprise and private ownership Communism: high taxes, no private property Socialism: same as communism)
Is socialism gives the government more control than communism true?
False, communism when actually employed in government is much more controlling than standard socialism. Communism is an extreme version of socialism. Under communism, private ownership, private property & business ownership is forbidden. Fascism is a less extreme version of socialism. Under Fascism, business & property ownership is allowed but controlled & directed by the government.
