Socialism (A+)
Socialism
Socialism (A+)
An economic system in which the government controls and regulates production, distribution, prices, etc.
The government places much emphasis on the production of consumer products.
it controls all major sectors of the economy and formulates all decisions about their use and about the distribution of income
socialism
socialism
Socialism
Socialism
Socialism (A+)
Socialism (A+)
An economic system in which the government controls and regulates production, distribution, prices, etc.
The government places much emphasis on the production of consumer products.
Centrally Planned Economies are typical of totalitarian countries such as Cuba, North Korea. The econonomic theory behind these governments is usually a form of Marxism.
Everything linked to money and production. Firms, taxes are some examples.
The government places much emphasis on the production of consumer products.
it controls all major sectors of the economy and formulates all decisions about their use and about the distribution of income