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What economic system says government should control all land and wealth and that government should be in the hands of just one political party?
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∙ 8y ago
This is a version of Communism where the Party is the only legal political unit.
communism- nova net
Wiki User
∙ 8y ago
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Should the Government manage the economy?
No it should not. there is no way that a government could get control over the complexity's that make any economy work. that does not mean however that some economic factors should not be overseen by the government to make sure that they are legal under the law of the land.
Which economic system says government should control all land and wealth?
in a Communist or command economy the government decides where people live what jobs they will preform and their income. thy also control all land and wealth.
What is Economic equality should precede political equality?
seruppu
Why are economics and politics related?
The link between economics and political science is economic policy. These are rules, or regulation, or policies that politicians make concerning the economy. Economic policy is a vast area that range from minimum wage to taxation to banking regulations. They have both political and economics consequences. A large portion of politics is about how government can (or should) influence the economy. The study of these economic effects relate to (a portion of) political science.
What economic system does Libya use?
Libya has a command economy. Also known as controlled or planned economy. This is where a government retains the power to decide how the nations economic resources should be allocated. It has complete control over how theses resources are used.
Which economic system says government should control all land and wealth and that government should be in the hands of just one political party?
Capitalism
What are Two core values in out government system?
Democracy and capitalism. Democracy is our political system based off the idea that government should be for the people, by the people. Capitalism is the economic system that allows citizens to control the market without government interference , thus giving in the term "free-market".
The market economy is the only system compatible with political freedom you therefore should greatly restrain the economic scope of government?
Yes.
Was Joseph Stalin a statist in the political diamond?
Yes, Joseph Stalin was a statist in the political diamond. He believed that the state should take control of the social and economic policy to some degree.
Should New Zealand welcome or be wary of increased economic and political ties with Australia?
New Zealand should be very wary of growing political ties. The only political tie they should allow is the Monarch of England. Concerning economics, they should also be wary and ensure Australia does not bully and control them in the future.
Should the Government manage the economy?
No it should not. there is no way that a government could get control over the complexity's that make any economy work. that does not mean however that some economic factors should not be overseen by the government to make sure that they are legal under the law of the land.
Which economic system says government should control all land and wealth?
in a Communist or command economy the government decides where people live what jobs they will preform and their income. thy also control all land and wealth.
What is Economic equality should precede political equality?
seruppu
Is Libertarianism on the far-right of the political spectrum?
No. Usually people will term the far-right as nationalistic or fascist.Under a proper traditional political spectrum, a libertarian is left-wing socially, right-wing economically, and anarchically-minded when it comes to political strength. Libertarians generally support the lessening of government interference in performing different activities. This is why they will agree with the right-wing on economic questions, since they oppose taxes to fund government actions, but will agree with the left-wing on social questions, since they oppose government imposition of moral standards.Just for clarity, a proper traditional political spectrum has three different axes that answer three different questions: Social, Economic, and Political Strength. The Social Question is about what is permitted in society, such as abortion, prostitution, drugs, sexual minorities, religious minorities, clothing styles, etc. The Economic Question is about how the economy should be structured, such as tax rates, government regulation of business, welfare, public education, government-provided healthcare, etc. The Political Strength Question is about how much power the government has over the citizens of the state or how independent the citizens can be of government supervision and control.
Why are economics and politics related?
The link between economics and political science is economic policy. These are rules, or regulation, or policies that politicians make concerning the economy. Economic policy is a vast area that range from minimum wage to taxation to banking regulations. They have both political and economics consequences. A large portion of politics is about how government can (or should) influence the economy. The study of these economic effects relate to (a portion of) political science.
What type of action did President Hoover think the government needed to take to combat the economic downturn?
Hoover did not believe that the government should lead the way to end the economic depression.
What effect did political parties have on the election of 1796?
They had no effect on the election of a president but had complete control of who would be vice-president.
