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Q: Why do socialists want government to control the economy?
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Why didn't hoover want the federal government to interfere with the economy?

he didn't want people to depend on the government


What is the Republican view on economy?

They want a strong economy with little government spending -Bailey


Why there is a need for limited government regulation within the economy?

Limited government allows citizens to have more control over their lives. Of course there are laws in place however, Americans still have freedom and are allowed to do what they want. Limited government provides Americans with the opportunity to be in control of their life and have a say in the way the government is ran.


In a country where the government has some control over the economy and buisnesses also provice goods and services that consumers want how do you describe their economic system?

self sustained


What do socialists not support?

Socialisst do not support individual initiative nor private enterprise in industry. They want industries to be owned and managed by the government.


Explain why there is a need for limited government regulation within the economy?

Limited government allows citizens to have more control over their lives. Of course there are laws in place however, Americans still have freedom and are allowed to do what they want. Limited government provides Americans with the opportunity to be in control of their life and have a say in the way the government is ran.


How much control does Russia's government have over it's economy?

In brief, it has total control. All business is controlled by the government. The government decides what to make, when to make it, how much to make, who sells it, and how much it sells for. In addition, its the government that gives the people what it feels they need, rather than what the people actually want.


What did Creoles generally want in the new Latin American countries?

Roman Catholicism A government-controlled economy


What did president truman want to control by keeping the economy in order-?

President Truman wanted to keep the government expenditure in check bearing in mind that the US was fighting Japan.


Why do socialists want to eat your freedoms?

to be free


What groups wants government to take a significant role in American society?

A few are: communists, socialists, democrats, etc. On the other hand libertarians want total abolition of government and any controls on their actions.


Did Socialists want to reform Laissez-faire Economics?

No.