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It is 1) Nationalism, 2) Public welfare, 3)Taxation and 4) Centrally planned economy
Wiki User
∙ 12y ago
Wiki User
∙ 14y agoThe absence of private business. There are no private companies, and "means of production" such as fields and factories are owned by the state.
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Compare capitalist economy with socialist economy?
Socialism means a classless stateless society with no money or prices or buying and selling. hence there can be no such thing as a Socialist economy.
Is Ghana a capitalist or socialist economy?
Ghana is a capitalist economy.
What is the mobility of production that characterizes the current global economy?
Outsourcing
Which of these results from the mobility of production that characterizes the global economy?
outsourcing
Why might a socialist society have a less rigid command economy than a communist socirty?
In a socialist society, various political systems may be combines with public control of the economy.
Compare capitalist economy with socialist economy?
Socialism means a classless stateless society with no money or prices or buying and selling. hence there can be no such thing as a Socialist economy.
Does Portugal have a socialist economy?
No. Portugal economy is corporativistic
What economy does Portugal have?
socialist
Is Ghana a capitalist or socialist economy?
Ghana is a capitalist economy.
What is the mobility of production that characterizes the current global economy?
Outsourcing
Which of these results from the mobility of production that characterizes the global economy?
outsourcing
Why might a socialist society have a less rigid command economy than a communist socirty?
In a socialist society, various political systems may be combines with public control of the economy.
Does France have a democratic socialist economy?
France is capitalist: class system, wage labour, production for sale at a profit.
Which of these results from the mobility of production that characterizes the current global economy?
outsourcing
Is France's economy capitalist?
no it is very socialist
What is a term for a planned economy?
socialist system
China's economy is best described as?
Socialist
