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Q: What did Karl Marx mean by the planned economy?
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What is the new economic and social system by Karl max?

communism did you mean karl marx


Example of political economy perspective?

look at Herman and Chomsky and their book 'Manufacturing Consent', its all about this topic. Unless you mean the classical perspective and then look at people like Karl Marx and John Stuart Mill, writers from the nineteenth century.


Is a mixed economy the same as a market economy?

No. When we say "market economy," we likely mean to say a free market economy-an economy unfettered with government policy interventions. This is usually stated in opposition to a planned command economy-planned by government personnel. Neither of these extremes exist in the real world. World economies are mixed economies. The difference between countries is the degree to which they are mixed. Economies such as Cuba and the former Soviet Union tend toward the command economy whilst economies such as Hong Kong and Singapore are cited as the freest market economies.


What does 'agricultural economy' mean?

An economy based on farming the land.


Why is there less freedom of choice in a command communist economy?

I assume you mean a planned economy.In a planned economy, the government tries to decipher what it thinks people will want to buy in 5 or 10 years and it builds those products. Often the manufacturers are subsidized to make the products more affordable to everyone within every income. As a result, the government tells you what your choices are. You have have an ipod, or a zune. But not a creative or a knock-off version. Or possibly not even that much. You might just have to get an ipod and everything else be damned.This happens all over with a planned economy. It is in an effort to reduce class conflict and give as much to as many people as possible. Its like economic equality. You're poor, but that's ok, you still have creature comforts.

Related questions

What did Karl marx call owners of the mean of production?

The 'bourgeoisie' are the owners and controllers of the means of production according to Karl Marx.


What is the new economic and social system by Karl max?

communism did you mean karl marx


Who did Karl become friends with while living in Paris?

I suspect you mean Karl Marx. His friend was Friedrich Engels.


Who was Karl marks?

First - Name is spelled wrong. It's Karl Marx In a nutshell, founder of Soviet style Communism. Also known as Marxist/Leninism


What did the the terms of basic and circulating resources mean to Marx?

For Karl Marx, the means of labor are considered basic resources and the objects of labor are considered circulating resources.


What does marxist and engels mean?

Karl Marx and Friedrich Engels were the men who developed the political ideology known as Communism. There is no meaning to the phrase "marxist and engels." The words are incompatible with one another, because the word "marxist" is the type of person who espouses the philosophies of Karl Marx whereas the word "engels" is the name of the person who collaborated with Karl Marx in developing the historical and economic theories of communism.


What did Karl max believe?

Karl Marx believed in the idea of communism, where the working class would rise up against the capitalist system to create a classless society where resources are shared equally among all individuals. Marx also emphasized the importance of understanding the economic relations and class struggles in society.


Example of political economy perspective?

look at Herman and Chomsky and their book 'Manufacturing Consent', its all about this topic. Unless you mean the classical perspective and then look at people like Karl Marx and John Stuart Mill, writers from the nineteenth century.


What does C'est l'opium du peuple mean?

"That's the People's opium". If you are referring to the Karl Marx quote, it is usually translated as "It's the opiate of the masses."


What did Karl Marx mean when he said According to Marx government would fade away as all humanity came to support workers power?

Karl Marx believed that under communism, where workers held power collectively rather than being governed by a separate entity, the need for a centralized government would diminish and eventually disappear as society became truly classless and stateless. This idea is tied to his vision of a society where working classes would no longer be exploited and oppressed, leading to a harmonious and egalitarian society.


What does Karl mean?

"Karl" can be a common first name, or it can refer to Karl Marx, a famous philosopher and economist known for his work on socialism and communism. Additional context would be needed to determine the specific meaning of "Karl" in a given context.


What did Karl marx mean by the statement that ideas asre cultural creations of a society's members?

Karl Marx meant that ideas, beliefs, and values in society are shaped by the material conditions and social relations of that society. He believed that dominant ideas reflect the interests of the ruling class, serving to maintain the status quo and perpetuate inequality. Marx argued that ideas are not fixed or inherent but are products of the historical and social context in which they are developed.