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Communism
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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.
What economic system is based on private ownership?
capitalism
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.
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.
What economic system is based on private ownership?
capitalism
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 are examples of social capital?
capitalism: an economic system based on private ownership of capital socialism: an economic system based on stateownership of capital
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
What do the economic systems of other countries have in common with the economic system of the US?
They face the same basic economic problems
How was socialism different from Marxist?
Socialism is an economic system based on public or cooperative ownership of the means of production, worker's self-management and collective decision-making in enterprises, and production for use. Marxism is an economic and sociological theory on capitalism, economic development and social class that predicts socialism to be an outcome of economic and technological development. Many socialists agreed with Marxist or quasi-Marxist analysis and theories, but not all socialists agree with or are Marxist. In short, Marxism is a theory; Socialism is a system.
Which is not a characteristic of the capitalist system?
Capitalism is based on private ownership, entrepreneurship, supply, demand, and profit. Other economic systems do not embrace all of these characteristics.
