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What type of economic system usually includes communism and socialism?
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∙ 14y ago
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∙ 14y ago
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How does a mixed economic system fails?
it usually fails because the country cant balance the capitalism and socialism.
What do supporters of socialism generally feel about capitalism?
Socialists generally feel capitalism is an outdated form of organizing an economy that needs to be replaced by a socialist economic system.Capitalism leads to inequality among citizens.
What is the difference between communism and capitalism?
Preliminary: it is critical to note that communism and capitalism are not types of states, regimes, or governments. Communism and capitalism describe modes of economic organization, not political organization.Answer: communism and capitalism are both economic modes of organization characterized by different relations of property and normative views.In capitalism, socially-shared property is mostly held privately, interest is used from capital investment to fuel more investment, and social relations in production are mediated by wage-labour, where laborers contract out their time in return for financial compensation. Morally, capitalism (usually) combines with rights-based theories that emphasize freedom and equality of opportunity.In communism, socially-shared property is held almost exclusively socially, usury is (usually) considered immoral, and social relations in production are mediated by open and equal individuals, since the means of living and development are provided socially. Morally, communism (usually) combines with moral theories that emphasize capacity (skill, ability, etc.) and equality of wealth.
What was the name of the two different economic system that the soviet union and the united state had?
The US economy is based on a 'free enterprise' or 'free market' system although the US Government has a lot of economic rules and regulations that it enforces. But basically the US has a so-called 'market economy'. The Communist USSR had a 'planned economy' which meant that all economic activities, often down to specific output levels for products, were centrally planned ahead by the USSR Government, usually for five-year periods.
List two differences between the capitalist and socialist ideas of private property?
Capitalism and socialism both respect private property. Communism is a form of socialism where all 'means of production' are publicly owned--that is factories, farms, mines, etc. But socialism itself respects property rights. Capitalism, when it runs amuck as it has in the US, tends to see property rights as being above human rights or civil rights. Because the rues are dictated by the property-rich. But putting property above people is not inherent in capitalism, usually.
Communism vs socialism?
Completely unrelated. Communism is an economic form. Terrorism has quite a few definitions, but none of them are economic. I would say that terrorism is a tactical doctrine. There is no comparison between these two concepts. Terrorism is nothing only used to stike fear communism is econamic who ever said communism Vs terrorism knows nothing
Describe utopian socialism how is it different from communism?
Some forms of Utopian socialism share a lot of traits with authentic Marxist communism. The major difference between the two is Marxism is based upon "scientific socialism", and is a predicted outcome that Marx made based on the observations of society and history. Communism is based upon the materialist conception of history, while Utopian socialism is usually devoid of economics and the social forces, such as class conflict, that are forcing society to progress toward socialism. In short, utopian socialism is simply a set of goals and an outline for a society people would like to have. It can be technocratic, meritocratic (as in the case of Simon) or egalitarian (as in the case of Fourier) and communal (as in the case of Robert Owen). Communism, in the Marxian sense, is the end result of a historical struggle that is observed throughout history and by examining social and economic relationships.
How does a mixed economic system fails?
it usually fails because the country cant balance the capitalism and socialism.
What is a command communism?
Command communism is when your economic system is based on communism but you are forced to experience communism; I.E. Imagine the political environment of North Korea without the ability to buy or sell because the government allocates a certain amount of goods (usually based off of a mathematical matrix) to the people. If you disagree with the concept of communism under this system, you can be jailed, exhiled, executed, etc. However, under regular communism, people are freer to choose to leave the country and/or believe in capitalism or socialism without having the fear of being jailed or executed for those beliefs.
What is classical socialism?
"Classical socialism" usually refers to the conception of socialism that emerged in the late-19th century as an economic system that operated according to different economic laws than those that operate in capitalism. These included the idea of economic planning in place of markets for capital goods, measuring value in physical quantities instead of using money, and public ownership of resources in place of private ownership, along with worker's democratic management in the economy. "Classical socialism" differed from later developments in the 20th century, especially neoclassical socialism, which included a role for money and prices in a socialist system, and the Soviet-type economic system (sometimes called "actually-existing socialism"), which was meant to be a transitional economy in-between capitalism and pure socialism.
What do socialism communism and fascism have in common?
Capitalism is an economic system based on private ownership of the means of production and the creation of goods and services for private profit.Socialism is an economic system based on social ownership of the means of production, collective-decision making within firms, and the creation of goods and services for their utility.Both capitalism and socialism are socio-economic systems. Another term for this is "mode of production", meaning, they are distinct modes of producing economic value.Capitalism is an economic system based on private ownership of the means of production and the creation of goods and services for private profit.Socialism is an economic system based on social ownership of the means of production, collective-decision making within firms, and the creation of goods and services for their utility.Both capitalism and socialism are socio-economic systems. Another term for this is "mode of production", meaning, they are distinct modes of producing economic value.
What are the two economic systems?
Traditional economic system. The traditional economic system is based on goods, services, and work, all of which follow certain established trends. Command economic system. In a command system, there is a dominant centralized authority – usually the government – that controls a significant portion of the economic structure. Market economic system. Market economic systems are based on the concept of free markets. In other words, there is very little government interference. Mixed system. Mixed systems combine the characteristics of the market and command economic systems. For this reason, mixed systems are also known as dual systems.
Can Socialism and Communism can be used interchangeably?
Some people, especially people who don't really understand Communism or Socialism, do often use them interchangeably (or, curiously, as completely unrelated terms), but it's technically incorrect. Communism is just one branch of Socialism; there are many branchs. It's much like how Catholicism is but one branch of Christianity, or Trigonometry is one branch of Mathematics.What is tricky is that until about 100-ish years ago, Communists usually called themselves Socialists. The reason being that their belief that Capitalism needed to turn into Socialism, and then it would eventually turn into Communism. So they were trying to get their society to take that first step and become Socialist. Around the end of World War I, the Communists finally separated themselves from mainstream Socialism, although they still often used Socialist terminology (as seen in the Union of Soviet Socialist Republics, or USSR).
What is the difference between socialism government an a republic government?
Republic governments are democratic and usually have free market economies. Socialist governments are basically a watered down version of communism in which they usually have a command economy where the government owns the businesses and tells them what to produce, when to produce it and how many to produce. freedom!!!
What do supporters of socialism generally feel about capitalism?
Socialists generally feel capitalism is an outdated form of organizing an economy that needs to be replaced by a socialist economic system.Capitalism leads to inequality among citizens.
When does communism starts dying out in the US?
Communism and it's evil twin socialism are already starting to die in the U.S. Look at the Bluest of the Blue States - New York, California, Michigan, etc. and see for yourself. The liberal Democrat political systems in those states have managed to drive away the most productive and better equipped individuals with their high taxes and broad intrusion on business and the private sector. Those precise productive individuals who are responsible for creating jobs and opening possibilities to those less able to provide for themselves. As such, the liberal-dem political class responsible for the current state of economic activity, or the lack thereof, within those states, mirror the creativity suffocating mindless bureaucracies that utterly destroyed communism in Eastern Europe and wherever else (see Cuba, and soon Venezuela) it reared its ugly head. Communism and socialism are inherently evil, based on the false premise that everyone is equal and therefore everyone should share in the fruits of overall production and a good life, when in fact, the only equality communism and socialism provide is equal misery for everyone. If communism is such a wonderful pathway to bliss, why doesn't communal living enjoy a bigger following in the U.S. After all, its been tried on many occasions and many levels, and never succeeds to any extent. If it (communal living) has to be coerced, as communism and socialism usually do, then there is no freedom, and without freedom the American capitalistic-based system cannot endure. And without capitalism, the dark ages of tyranny and oppression for all but the self appointed elect will once again fall over humankind. It is my firm belief that the endless yearning and desire for freedom in most individuals will reject that totalitarian darkness, and in the end communism and socialism will not survive.
Why do socialist systems have mixed economies?
Socialism is not considered a mixed economy. Socialism is defined as a system based on public ownership of the means of production, self-management in enterprises, and production for use instead of production for private profit. There are two types of socialism: planned economies and market socialism. A mixed economy usually refers to a type of capitalism where the government intervenes in markets to affect economic outcomes, or engages in some minor indirect economic planning. Mixed economies are heavily capitalist: profit-driven enterprise is the dominant form of organization, most firms are privately-owned, and markets are still the primary way of coordinating the economy.
