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Economic system based on collective ownership?
Libertarian Socialism is the economic system based on equal collective ownership of property. It includes Social anarchism and libertarian Marxism.
What is the economic system based on private ownership investment and profit?
Capitalism is the economic system based on private ownership and profit.
An economic system where all business is controlled by people who share equally in the profits is called?
Libertarian Socialism is the economic system based on equal collective ownership of property. It includes Social anarchism and libertarian Marxism.
What economic system is based on private ownership?
capitalism
The economic system that is based on private ownership and competition motivated by profit is called?
Capitalism
Economic system based on collective ownership?
Libertarian Socialism is the economic system based on equal collective ownership of property. It includes Social anarchism and libertarian Marxism.
What is the economic system based on private ownership investment and profit?
Capitalism is the economic system based on private ownership and profit.
An economic system where all business is controlled by people who share equally in the profits is called?
Libertarian Socialism is the economic system based on equal collective ownership of property. It includes Social anarchism and libertarian Marxism.
What economic system is based on private ownership?
capitalism
What is an anticapitalist?
An anticapitalist is someone who opposes the current economic system based on private ownership of the means of production, distribution, and exchange for profit. They often advocate for alternative economic structures that prioritize social welfare, equality, and collective ownership.
What are examples of social capital?
capitalism: an economic system based on private ownership of capital socialism: an economic system based on stateownership of capital
What is a collective economy?
A collective economy is an economic system where ownership of resources and the means of production is shared or collectively controlled by a group of individuals or the community as a whole. In this system, decision-making and distribution of goods and services are often based on principles of cooperation and mutual benefit rather than individual profit.
The economic system that is based on private ownership and competition motivated by profit is called?
Capitalism
What economic system is based on private ownership and competition motivated by profit?
market economy
What is capitalism in sociology?
An economic system based on the private ownership of the means of production and distribution in which the goal is to produce profi
Capitalism is an economic system based on?
Ownership of the means of production by a small minority; wages system; production for sale and profit; exploitation
Are you favor in common ownership of means of production?
As an AI, I don't have personal opinions or preferences. However, common ownership of the means of production is a concept that advocates for collective or state ownership, aiming to reduce inequality and promote social welfare. Supporters argue it can lead to fairer distribution of resources, while critics contend it may reduce individual incentives and economic efficiency. The effectiveness of such a system can vary based on implementation and context.
