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The control of the means of production can be viewed through various ideological lenses. In capitalist systems, it is typically held by private individuals and corporations, fostering innovation and economic growth. Conversely, in socialist frameworks, the means of production are often controlled by the state or collectively by the community, aiming for equitable distribution of resources. Ultimately, the question of who should control the means of production depends on societal values, economic goals, and the desired balance between individual freedom and collective welfare.
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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)
Which of the foln which type of economic system does the government control the means of production and distribution?
socialism :)
What does monopoly employing horizontal integration mean?
A monopoly employing horizontal integration means what?
Economic system in which individuals control the factors and means of production is called?
Free Enterprise
Communism is an example of what type of economic system?
It is a form of a command economy. Communism is an economic theory which stresses that the control of the means of producing economic goods in a society should reside in the hands of those who invest their labor for production.
What is the key question socialism attempts to answer?
Who should be in control of the industtal means of productio such as factories
Believed that workers should own and control the means of production.?
Socialists
What you the central idea behind the political theory of socialism?
The workers should control the means of production
What are the rights of the government called socialism?
one of them is that workers should control the means of production.
Marx believed that the should completely control production?
The people should control production and distribution. Production should take place to meet human need.
What is the question socialism attempts to answer?
The key question that Socialism seeks to answer is: Who should be in control of the industrial means of production, such as factories? Socialism seeks to answer this question by arguing that the population as whole, represented by committees, should own the means of production and not individual capitalists.
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.
What is the definition of socialism and what does it seek to correct?
A political theory which advocates that the community as a whole should own and control the means of production, distribution and exchange
Was socialism a response to industrialization?
Yes socialism emerged during the Industrial Revolution because the workers believed that they should control the means of production.
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)
Government control of land and all other means of production is called?
COMMUNISM
What is the government control of land and all other means of production called?
communism
