0
The most extreme form of socialism in economics is often considered to be communism. In this system, all means of production and resources are owned collectively by the community, eliminating private property and profit motives. The government typically controls economic planning and distribution of goods and services, aiming to achieve a classless society where wealth and power are equally shared among all individuals. This contrasts sharply with capitalism, where private ownership and market competition drive economic activity.
What else can I help you with?
What amendment is most closely related to the theme of economics?
The sixteenth amendment is most closely related to the theme of economics.
The two most basic forms of planned economies are?
Communism and Socialism
What is the economic system of communist countries is most closely related to what?
socialism
What is the difference between physics and economics?
The most basic way of saying it is, Physics is science, economics isn't.
What are the nature of Agricultural economics?
There is not a basic difference between agricultural economics and general economics because the nature o agricultural economics has most of the same principles of general economics. Agriculture is the art and science of raising livestock and cultivating crops as a way of life and livelihood.
What extreme was an Nazism?
Socialism. And Communism is the most extreme version of Socialism.
What is the most extreme form of Authoritarianism?
most extreme form of authoritarianism called
The most extreme form of central government?
comunisn
What economy does most of the world have?
Economy is a spectrum with one extreme being true capitalism and the other being true socialism. No country has ever achieved either extreme but most countries are more capitalist with some limited socialist policies
Which group was most opposed to socialism?
The group that was the most opposed to socialism were capitalists.
How does a republic affect currency form?
The currency of a republic form of government has no affect on it. Currency issues involve economics for the most part.
What was the most opposed to socialism?
Probably the group most opposed to socialism were the Fascists of the 1930s who actively persecuted socialists.
What are the Most one-party systems are often associated with?
socialism
What is the economics system of most communist countries?
Historically, most Communist countries had planned economies (indicative of communist economic theory), but today, most Communist countries actually have capitalist economies with strong state presence.
When did ecomnics form?
Economics developed the second someone decided to trade with someone else. Although rather simple, economics was most likely "invented" during the Paleolithic Age, the birth of humanity.
What is the significance of social?
It makes people angry towards the elite of a society
What is the medical term meaning extreme acne?
The most extreme form is called severe cystic acne.
