Socialism has no government and no economy: production for use, no wages or prices, just people co-operating for the common good.
Socialism has no government. It also has no money or prices, so it does not have an economy. Production takes place in order to meet human needs.
equity
CommunismNovaNet
Father
Yes! they are capitalist country though, but socialist in hiding!
Socialism: a society with no classes or state or money or prices or poverty or billionaires. So no economy and no government.
Socialist
CommunismNovaNet
Father
Capitalism
equity
There can be no such thing as a Socialist economic system. Socialism has no money or wages or prices, hence no economics. Nor does it have any government. Socialism has no classes or government, just people co-operating for the common good.
Socialism has no wages or only or prices, hence no economic system. It also has no classes or rulers or government.
Yes! they are capitalist country though, but socialist in hiding!
Socialism: a society with no classes or state or money or prices or poverty or billionaires. So no economy and no government.
Socialist
Just like the way it works in a capitalist economic system,only you work for the GOVERNMENT and not just some fat guy who likes Cheetos.You will still have a normal "boss",only he will be part of the government.
Totalitarian government and socialist economic system
a socialist country