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When a country chooses to limit the kinds of goods or services it produces it is practicing?
Wiki User
∙ 8y ago
Many people who support socialism, cause by the very nature of this economic, political system to have the government control the use of goods and services. As the government owns the means of production, it must decide how to allocate the products produced by government owned and operated industries. In Canada, for example, there is free medical care for everyone. This may be a good thing, however, the down side of this is that the government decides for example, who may receive a organ transplant. In a non socialized medical system, the government cannot make such decisions. The decisions are made by doctors and hospitals.
Wiki User
∙ 8y ago
When a country chooses to limit the kinds of goods or services it produces, it is practicing selective specialization. This can help the country focus on producing goods or services in which it has a comparative advantage, leading to increased efficiency and competitiveness in those sectors.
paulbenn
Capitalism, presumably motivated by the desire for profit.
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