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Certain types of Socialism hold that the government should own the methods of production; however, Socialism is a very broad category, and there are many sub-types, many of which do not hold that government ownership of production is desireable (or, hold that only some areas of industry should be government-owned).

The Marxist theory of economics (a sub-type of Socialism) holds that the workers should own and operate the means of production, but it does not specifically state how they should organize to manage this ownership. Communism (as espoused by Lenin as a derivative of Marxism) specifically states that the government should act as the proxy for the workers (as the government is supposed to be composed of and represent the interests of the working class), and thus, under Communism, the government owns industry.

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A laissez-faire attitude about the role of government means the government should?

A laissez-faire attitude about the role of government means the government should minimize its interference in economic activities and allow individuals and businesses to operate freely. This approach advocates for limited regulation and taxation, promoting a free market where supply and demand dictate prices and production. Proponents believe that this leads to greater innovation and efficiency, while critics argue it can result in inequality and insufficient protections for consumers and workers. Overall, the focus is on individual liberty and economic freedom.


Socialists and capitalists believed that the means of production should operate for the benefit of whom?

all people.


What was the idea that the government should own and operate industry for the community as a whole?

socialism


What are not key ideas of capitalism?

All companies should distribute their profits evenly throughout the population.The means of production should be owned by the state.all companies should distribute their profits evenly throughout the populationThe government should guarantee a basic standard of living for everyone.The means of production should be owned by the stateThe means of production should be owned by the stateAll companies should distribute their profits evenly throughout the population.The Government should guarantee a basic standard of living for everyone(apex)


How extensive role do you think that government should play in economic development?

Opinions vary regarding the extent to which governments should participate in the economy. Some believe the government should play a large role, while others believe the role should be limited. Some even believe the government should not participate at all.

Related Questions

Who did marx believe should completely controlled production?

The inhabitants of planet earth.


Who are people that believe there should be no government?

Those who believe the government should be abolished are known as anarchists


What do islamic fundamentalslist believe the government should be based on?

Islamic fundamentalists believe the government should be based on Islam.


Socialists and capitalists believed that the means of production should operate for the benefit of?

All people


Who did carl marx believe should completely control production?

Karl Marx believed that the workers, or the proletariat, should completely control production in order to establish a classless society and eliminate exploitation by the capitalist class. He envisioned a system where workers collectively owned and managed the means of production.


Socialists and capitalists believed that the means of production should operate for the benefit of whom?

all people.


A laissez-faire attitude about the role of government means the government should?

A laissez-faire attitude about the role of government means the government should minimize its interference in economic activities and allow individuals and businesses to operate freely. This approach advocates for limited regulation and taxation, promoting a free market where supply and demand dictate prices and production. Proponents believe that this leads to greater innovation and efficiency, while critics argue it can result in inequality and insufficient protections for consumers and workers. Overall, the focus is on individual liberty and economic freedom.


Marx believed that the should completely control production?

The people should control production and distribution. Production should take place to meet human need.


What was the idea that the government should own and operate industry for the community as a whole?

socialism


Which is the name for the document that describes how a city government should operate?

Municipal Charter


What did the federralists believe about the government?

it should be limited


Should you be a democrat or tepublician?

If you believe that the government should be big and heavily involved in all aspects of your life and that the government should take care of you from cradle to grave, then you should be a democrat. If you believe in smaller government that should allow you to grow and prosper on your own without government help or interference then you should be a republican.