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What type of economy usually has a higher unemployment rate communism or capitalism?
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What type of economy does a democracy have?
Democratic countries usually have a mixed economy, somewhere between capitalism and a free market economy.
What type of economy does a democracy country have?
Democratic countries usually have a mixed economy, somewhere between capitalism and a free market economy.
Does capitalism advocate government action to stop boom and bust cycles in the economy?
No capitalism does not advocate government action to stop boom and bust cycles in the the economy. The economic theory of Keynesian is usually what advocates it.
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 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Socialists generally feel capitalism is an outdated form of organizing an economy that needs to be replaced by a socialist economic system.Capitalism leads to inequality among citizens.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 are the factors effecting improve your economy?
There are several factors that can improve the economy. The biggest factor that can improve and economy is a low unemployment factor. When unemployment is falling the economy usually improves.
What type of economy does a democracy have?
Democratic countries usually have a mixed economy, somewhere between capitalism and a free market economy.
What is the opposite of capital?
The opposite of capitalism is communal ownership of businesses, usually framed as COMMUNISM.
What type of economy does a democracy country have?
Democratic countries usually have a mixed economy, somewhere between capitalism and a free market economy.
Does capitalism advocate government action to stop boom and bust cycles in the economy?
No capitalism does not advocate government action to stop boom and bust cycles in the the economy. The economic theory of Keynesian is usually what advocates it.
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 is fundamental in an economy to create unemployment?
To create unemployment the economy needs to slow down to very low levels and people need to stop buying things. Businesses will then lose money and have to cut costs which usually mean laying off workers.
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 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.
What does a government controlled economy have?
Government controlled economy or "planned economy" refers to " is the economic system in which decisions regarding production and investment are embodied in a plan formulated by a central authority, usually by a public body such as a government agency."
How does capitalism meet broad social and economic goals such as freedom?
The 6 goals and how they are met by capitalism (compared to socialism and communism) are: Freedom--freedom in the market place. The government does not control prices or who can sell or buy. There are no barriers to entry into the market set up by the government. Of the three major systems, capitalism is usually best in this category. Growth--capitalism has the highest incentives of economic systems, because how hard you work is directly tied to how much you make. Therefore people work hard and production growth is high. Of the three major systems, capitalism is usually best in this category. Equality--This is where Capitalism is weak. In pure capitalism no one is protecting the economic rights of the poor. Opportunities in the market place are only available to those who can afford them. Stability--Prices are decided by the the balance between supply and demand. Therefore, there is little price stability compared with other economic systems because prices quickly change with every fad and shortage of resources. Capitalism is weak in this area. Security--Unemployment is usually higher in capitalism because jobs are not provided by the government (as in communism) and the government doesn't provide public services and money to help people find a job (as in socialism). Efficiency--just as in growth, capitalism has the highest incentives of economic systems, so people work hard. Businesses want to increase production in order to increase profit and therefore focus on efficiency. Also, by having the consumers and producers free to decide what to supply and consume, production must constantly change to match demand. Capitalism allows producers to easily change production levels and prices, causing more efficiency. Of the three major systems, capitalism is usually best in this category. In conclusion Capitalism is best at freedom, efficiency, and growth but is worst in stability, security, and equality.
Does the Capitalism have a system of free enterprise economy with farms and factories privately owned?
nah cuhz' the answer to that should be (d)none of these. cause the thing's a mixed system A mixed economy is an economic system that incorporates aspects of more than one economic system, usually referring to an economy that contains both privately-owned (Capitalism) and state-owned enterprises (Socialism) [1]. A mixed economic system combines elements of a economic planning with a market economy. In practice, most economies are mixed economies to varying degrees, some more socialist or capitalist than others.[2]
