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‘Profits’ is the wrong term. The vast majority of people would benefit from a Socialist world, with no rulers or classes or poverty or war.
paulbenn
Jaycee Emard
Wiki User
∙ 13y agosocialism is profitable to both the state and individuals in the state
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On socialism who gets the profits from goods sold and work preformed by business?
Socialism is a society with no profits and no buying and selling. Gods and services are produced to meet human need.
What has the author David C Reid written?
David C. Reid has written: 'Capital and profits' -- subject(s): Profit, Socialism
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.
Did socialism and Progressive have the same goals for American?
No, Socialists and Progressives have very different goals. Socialists seek to change the economic system of from capitalism to socialism. Progressives seek to reform the capitalist system to make it more just, without questioning the fundamentals of capitalism or challenging the legitimacy of private property and the profits system.
What are the most important differences between state socialism and market socialism?
Market socialism should be contrasted with a planned economy, or planned socialism. Market socialism involves the use of markets and prices for determining how to use and allocate factors of production among organizations. These organizations may be state-owned or co-operatively owned; so market socialism can be a type of state socialism. State socialism is contrasted with co-operative socialism. In state socialism, the means of production are owned and managed by a public body. In contrast, cooperative socialism involves ownership of the means of production by the employees or by councils of consumer co-operatives. It is possible to have state-market socialism and cooperative-market socialism. Likewise, it is possible to have cooperative-planned socialism and state-planned socialism.
Was communism or socialism first?
It was from Socialism that Communism was born.
Why socialism book written by?
socialism
An economic system where all business is controlled by people who share equally in the profits is called?
Libertarian Socialism is the economic system based on equal collective ownership of property. It includes Social anarchism and libertarian Marxism.
The African form of socialism was based on what?
There was no African form of Socialism.
What does crypto socialism m ean?
fake socialism.
Make you a sentence using the word socialism?
Many Americans feel that president Obama's health reforms smack of socialism and they don't like it.
When was The Future of Socialism created?
The Future of Socialism was created in 1956.
