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Which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy is called?
Wiki User
∙ 12y ago
Socialism is when ownership of production and distribution is controlled collectively or by the government. The opposite of socialism is capitalism.
Wiki User
∙ 9y ago
Wiki User
∙ 12y agoCommunism (an economic system not a political system) or Socialism (the political system). Communism and Socialism go hand in hand like Capitalism and Democracy.
paulbenn
State capitalism. It’s certainly not Socialism, which has no government and where the means of production are owned in common by all the people.
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What is the system of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy is call?
socialism
How The system of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy is called .?
This system is called socialism. In socialism, the government or collective ownership ensures that resources are allocated according to societal needs rather than for profit.
How are socialism and democracy alike?
SOCIALISMAny of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy.DEMOCRACYGovernment by the people, exercised either directly or through elected representatives.
What is the antonym of socialism?
Socialism:noun: Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy. Antonyms: capitalism, the profit-system, wage labor, business enterprise, private property
What term is similar to socialisam?
socialism is a government term referring to ideas or theories that support government ownership of ways of producing and distributing of of goods or merchandise
Consumerism?
Concentration on producing and distributing goods for a market which must constantly be enlarged
Which of the following is the best description of an economy?
An economy refers to the system of production, distribution, and consumption of goods and services in a region or country. It involves factors such as resources, market demand, government policies, and economic agents like consumers, businesses, and governments. The economy can be classified based on characteristics like market structure, level of development, and economic activities.
What was a challenge for know- nothings elected to office?
producing change in government
What is a country's system of producing distributing and consuming goods and services called?
Economy or "economic system"
Who developed an entire system for producing and distributing electrical power?
Sir Thomas Alva Edison.
What is the organized set of procedures that a nation follows in producing and distributing goods and services?
Economic System
Who was the inventor of the fifth wheel?
A man called Rudolph Steingass invented the fifth wheel and build a company producing and distributing them.
