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Capitalist: class ownership, wages system, production for sale.
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Colten Mayer
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∙ 15y agosocialist
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Is Italy a Socialist economy?
Italy has a mixed economy due to the differences between North and the South , the first one is more industrialized and the second one more agricultural.
Do Consumers have more choice in a socialist system over a capitalist system?
truee
Why is the consumer considered ''King'' in a capitalist economy?
The consumer is considered King, in a capitalist economy, because the spending of the consumer is what drives the entire economy. The more the consumer spends the better the economy becomes.
What factor determines whether a country's economy is more or less capitalist?
m
Do capitalist countries have more crime than socialist countries?
On average, yes, capitalist countries have more crime, but this is correlation not causation. The reasons that capitalist countries typically have more crime is that fewer of them are police states and more of them have less restrictive gun laws. The monetary policies of capitalism or socialism have no effect on crime.
Which economy is closer to US economy?
The US economy is closest to a capitalist economy system, although the US has been known to implement a few socialist policies (like more government intervention)
Is america a capitalist nation?
No, America is has a mixed market economy. Although it is no where near a socialist nation, the economy is regulated by the government extensively. Essentially, a mixed market economy is a means of finding a "happy medium" between capitalism and socialism. America does tend to employ a more relaxed form of regulation, therefore leaning more towards the capitalist side.
Is Italy a Socialist economy?
Italy has a mixed economy due to the differences between North and the South , the first one is more industrialized and the second one more agricultural.
Do Consumers have more choice in a socialist system over a capitalist system?
truee
Does Sweden or the US have a more capitalist economy?
The US.
What economy does most of the world have?
Economy is a spectrum with one extreme being true capitalism and the other being true socialism. No country has ever achieved either extreme but most countries are more capitalist with some limited socialist policies
Why is the consumer considered ''King'' in a capitalist economy?
The consumer is considered King, in a capitalist economy, because the spending of the consumer is what drives the entire economy. The more the consumer spends the better the economy becomes.
How might a socialist and a capitalist government differ in the treatment of the unemployment?
There are no purely socialist or capitalist countries. In a purely socialist one, there is no unemployment, the state will find something for you to do. In a purely capitalist one, there is always some unemployment, but small and transitory. Private charities would make up for what shortfalls took place. In mixed economies, there are a mixed bag of responses. Unemployment benefits help. As do various aid programs, such as food stamps and utility assistance plans. The more "socialist", the more such programs are likely to exist. The more capitalist, the more such problems as unemployment are unlikely to exist, with charities taking up the slack.
How might a socialist and a capitalist government differ in treatment of the problem of unemployment?
There are no purely socialist or capitalist countries. In a purely socialist one, there is no unemployment, the state will find something for you to do. In a purely capitalist one, there is always some unemployment, but small and transitory. Private charities would make up for what shortfalls took place. In mixed economies, there are a mixed bag of responses. Unemployment benefits help. As do various aid programs, such as food stamps and utility assistance plans. The more "socialist", the more such programs are likely to exist. The more capitalist, the more such problems as unemployment are unlikely to exist, with charities taking up the slack.
What is the ultimate goal of socialist economy?
The ultimate goal of a socialist economy is to achieve social equality by collectively owning and controlling the means of production, distribution, and exchange. This system aims to prioritize the needs of the society as a whole over individual profit, with the aim of reducing income inequality and promoting social welfare.
Debate on should India go for capitalist economy?
Debate on should India go for capitalist economyRead more: Debate_on_should_India_go_for_capitalist_economy
What factor determines whether a country's economy is more or less capitalist?
m
