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In a capitalist system, the means of production are privately owned and operated. Over time, this results in resources being controlled mainly by large corporations and conglomerates. Capitalism is driven by profit motive, so in a capitalist system, the allocation of resources is decided based on making money according to supply and demand.
In a socialist based economy, the means of production are publicly-owned, meaning resources would be allocated according to the needs of the people by a governing body.
What else can I help you with?
Is Portugal communism socialism or capitalism?
No. Communist don't have much power.
Is capitalism a form of fascism?
Capitalism is an economic system, fasism is a poltical system. There have been times in the recent history of capitalism where a bourgeois democratic state is no longer able to protect capitalism, in these times it has been necessary for fascists to assume power to do what bourgeois democracy could not.
What type of economic system do individuals own most of the businesses?
Capitalism
Is capitalism democratic?
IT CAN BE, BUT IS NOT NECESSARILY SO. Capitalism is exclusively an economic system where private companies drive a country's trade and industry. So, in terms of economics, capitalism leaves the wealthy industrialists and entrepreneurs in control of the economy. However, as concerns governments, capitalism provides no clear answer as to who is in power. Capitalism can occur under nearly any form of government, be it democracy, monarchy, autocracy, military junta, or a theocracy.
What is an economic system in which most of the economy's resources are privately owned and managed?
capitalism.
Is Portugal communism socialism or capitalism?
No. Communist don't have much power.
Did communism evolve from feudalism?
Marxist theory holds that communism evolves, inevitably, from capitalism.
Who holds world power?
God holds world power.
What were some of the effects of the New Deal on African Americans?
It preserved capitalism It increased the power of the federal government. It created a long-lasting social safety net.
What is the Poseidon power?
Poseidon holds the pwoer of water wich his brother Zues holds the power of lightning
Who holds power in the government?
The dictator has all the power.
Who holds the power in an authoritarian government?
the government holds the power; not the people
What kind of power did the samurai hold?
He who holds the sword had the power.
Who holds the power in Totalitarian government?
The dictator has all the power.
Who holds the power in the dictatorship?
The Dictators
Who holds the power in a dictatorship?
The Dictators
Who holds the power in Cuba?
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