pure capitalism
true
Capitalism
changing something from state to private ownership or control.
Private ownership of capital refers to the legal and economic system where individuals or corporations have the right to own, control, and utilize assets, resources, and means of production for profit. This ownership allows them to make decisions regarding investment, production, and distribution without direct government control. It is a fundamental principle of capitalism, fostering competition and innovation but can also lead to wealth disparities and market failures if not regulated.
Socialism. Complete ownership by the state is Communism.
true
Free enterprise system
privatization
privatization
Capitalism
nationalize
Collectivization involves centralizing control and ownership of resources, typically by the state, whereas privatization involves transferring ownership and control from the state to private individuals or entities. Collectivization aims to promote equality and efficiency through communal ownership, while privatization aims to increase competition and efficiency by allowing private ownership and market forces to drive decision-making.
Private ownership and free markets are characteristics of a free enterprise system. This means that there is no interference from the government in terms of regulating the market and this may hurt consumers.
Capitalism. type of profit control?
on the basis of ownership, resources are classified into the following categories:1) Individual Resources 2) Community Resources 3) National Resources 4) International Resources
changing something from state to private ownership or control.
Private ownership of capital refers to the legal and economic system where individuals or corporations have the right to own, control, and utilize assets, resources, and means of production for profit. This ownership allows them to make decisions regarding investment, production, and distribution without direct government control. It is a fundamental principle of capitalism, fostering competition and innovation but can also lead to wealth disparities and market failures if not regulated.