0
I do not see how capitalism could exist without the concept of private property, but I have heard there are some elements of capitalism in socialist countries which do not allow private property, so perhaps it is not essential.
Wiki User
∙ 14y ago
Wiki User
∙ 11y agoWorkers can own part of the means of production indirectly through employee stock ownership plans, or by having mutual funds invest in the Stock Market.
There are producer cooperatives in every capitalist economy, but they are insignificant compared to privately-owned businesses.
If the workers owned most of the means of production in a capitalist economy, that country would cease to be capitalist by definition. It would become a market socialist economy.
Wiki User
∙ 8y agoIndividual people, businesses, etc.
However Marxist economic theory suggests that property will gradually be concentrated in the hands of a small number of wealthy Capitalist Monopolies.
Add your answer:
Earn +20 pts
How many different economic systems exist?
Communism - land, means of production and property are owned by the people as a group, but the government makes all the economic decisions. The government decides which goods are available at a given time. Socialism - all land, property, and means of production is controlled by the government. All economic decisions are made by the government. The government decides what gods are produced. Capitalism (market economy) - entrepreneurs risk capital in a business. Economic decisions of what to produce is controlled by supply and demand. Price is controlled by demand for the most part. Private ownership is an important part of capitalism. Government decisions affect the economy in a capitalistic society. Barter- People trade for what they need.
When does a gift become an estate?
A gift you receive becomes your property. When you die, if you still own that property it becomes part of your estate.A gift you receive becomes your property. When you die, if you still own that property it becomes part of your estate.A gift you receive becomes your property. When you die, if you still own that property it becomes part of your estate.A gift you receive becomes your property. When you die, if you still own that property it becomes part of your estate.
What was Marx transistion from capitalism to communism?
Marx talked about the dictatorship of the proletariat as the transition between capitalism and Communism. This just meant the working class taking temporary control of the state and using it as part of the changeover to a classless society.
Which part of Germany practiced capitalism?
West Germany remained capitalist when East Germany was part of the Soviet Union, and therefore communist.
What is the most essential part of entrepreneurship?
Making money
Can you fish on streams on private property?
Definitely not. The stream is part of the private property.
Can a person sue if they were hit by an automobile on private property?
Yes, if it was due to negligence on the part of the person driving the vehicle.
Is a mobile home park considered private property and can the state laws affect mobile home rules?
as for the state laws part. a mobile home company/property is considered private property and the city police cannot enforce speeding or sit in a mobile home lot to check for speeders, ie. Although it be private property they have to abide by state laws just like any others, such as a felon in a mobile home park cannot own a firearm just as he wouldn't if he didnt live in a park.
How many different economic systems exist?
Communism - land, means of production and property are owned by the people as a group, but the government makes all the economic decisions. The government decides which goods are available at a given time. Socialism - all land, property, and means of production is controlled by the government. All economic decisions are made by the government. The government decides what gods are produced. Capitalism (market economy) - entrepreneurs risk capital in a business. Economic decisions of what to produce is controlled by supply and demand. Price is controlled by demand for the most part. Private ownership is an important part of capitalism. Government decisions affect the economy in a capitalistic society. Barter- People trade for what they need.
Are gated apartment complexes private property?
An apartment complex is almost always private property, with or without a gate or fence, owned by the landlord, or jointly if they are condos. Even if it is owned by the municipality, there may also be a fence or gate and access is restricted to residents and their visitors, although it is not technically "private" property. As part of the subdivision or cluster housing plans, the private apartment complex developer may have also given "dedicated ways" to the municipality, for purpose of access by emergency vehicles and other services. If that is the case, one could argue that such streets must be open to the public, even though they are still "private property". Consider, for example, that a shopping mall, and its parking areas, is also "private property", but open to the public, subject to private rules.
Is families are part of capitalism?
Capitalism is a method where by national finaces are sstructured. Capitalism by it very nature remains aloof from any thing but making a profit. so it has nothing to do with families.
what are women's private part?
there private part is a secret
Are your pharmacies leased?
My pharmacy is part of alarge national chain. Walgreens commonly purchases property and also leases through private parties.
Which idea was NOT a part of the agriculture of most native American?
Capitalism
Are condominium complexes private property?
Your question and the categories you chose make it look like something in your possession was repossessed on property that is part of a condominium complex.With those facts as assumptions, your answer is:Some of the complex is private property, some is common area and some is public.With proper documentation, any asset can be repossessed. (It's a lender's right to reclaim assets in order to retire an unpaid debt.)Here are the details you need to answer your particular question:Please read your governing documents to determine where your 'private property', i.e., your unit boundary line runs. As well, you can find the definition of what parts of the complex are owned by all owners in common.Your local tax assessor can help you understand what part of your complex is public.Laws in different states govern access for repossession, so you need to understand those for your state.AnswerA condominium property is private property in contrast to public property which is owned by the government or the community such as a park, highway, school or public library. Generally, the towns do not maintain the streets within a condominium project thus they are also private.
What was the elimination of private farms by Stalin?
When Stalin was in full control of the Soviet Union he revived the once failed attempt to collectivize private farms into government owned and operated farmlands.
Are you liable for a car accident on private property?
It depends, so here are some scenerios: If there are several cars parked in a private driveway and you back-up or start speeding out of the driveway and hit another car then you are responsible for hitting the other car. If you were speeding on a road and turned a curve and ended up on someone's property you are responsible for the damage done on their property and that includes ripping up gardens, grass, crashing into any part of that home or uprooting trees. If you were on private property and someone else hit you causing you to damage that property then it would be the other person that is responsible.
