Depends what is meant by "failure". The economies of the former Soviet Union and Eastern bloc were considered successful at generating economic growth and raising the living standards for their population.
However, there were serious deficiencies with their economic systems arising from perverse incentives. Corruption and disincentives to act on information became prominent due to the political system of single-party rule and the mandate that party-approved officials oversaw all aspects of society. This meant that people in important positions were chosen based on party loyalty rather than technical competence and bred a culture of corruption. The second major issue with these economies was over-centralization of economic decision-making, resulting in ill-informed and inflexible nation-wide plans. Although these economies were nominally "planned economies", in reality they were "managed" economies.
To date all socialist economies with the exception of Yugoslavia have been based on this Soviet economic model, so inherited its deficiencies and problems. So all these "socialist economies" stagnated for similar reasons.
China and Vietnam began moving toward state-directed capitalism.
Economics underlies the commercial transactions in a society.But there are many other transactions in society - family and children, religion, work and friends, literature, arts, music, and so on.To consider economics as over-arching would be perverse.
There are so many methods that one good teacher can use in the teaching of Home Economics, some of which includes, inquiry, discussion, group work method, demontsration method, only to mention, but a few.
Many people choose a major in business and industry so that they can own their own business. Many others choose a major in business so that they can be understand the economics and finance that goes into a business.
Individual initiative in anything, including economics, is when a single person decides to take some action, and does so.
It is important to study economics so that you understand the market. You need to understand why you pay what you do for the things you value.
None. Contrary to conservative myths, the president is not a socialist, so there is no reason why he would promote "socialist" laws.
Economics is related to mathematics directly. There are so many calculations and computations that are done as a way of measuring the economy.
None of those talents or shortcomings is a reliable predictor. You will fail Physics, Chemistry, Engineering, or any other specialty, if you expect it to be so hard that you'll fail it, or if you expect it to be so easy that you'll sail through without work. The decision to fail it or not fail it is your decision to make, and has no connection with what you think you're good at or not good at.
You can't. There are many test that an audiologist will perform in which you cannot fail intentionally. You might be able to fail some of the test, but there are many test in which it is impossible to do so.
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in 2015 our population will increase because they are so many pregnant in that year...
The United States of America was founded on the principals of freedom of choice and individual rights. Socialism takes away many of these rights, so Americans will never have very many socialist policies.
Francis Bellamy's wrote the pledge so that school children and many others reciting the pledge would be "reflect[ing] his socialist beliefs." Francis Bellamy wrote The Pledge so that school children and many other Americans would be reflecting his socialist beliefs.
fail
you sometimes fail so badly because you're not really concentrating a lot or sometimes you are too overconfident that you fail
It really depends on how you look at it. Techincally a completely socialist society has never been achieved for a substantial period of time. Most "socialism" in history really turned out to be more of a dictatorship. However, many aspects of democratic government have socialist qualities. For example, free health care in England is considered by many to be socialist. Technically, any service provided by the government like public schools or transportation is socialist. So is socialism possible? Yes and no.
no and you fail for thinking it will so YOU FAIL!!