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What else can I help you with?
Under which system are factories controlled by private companies?
capitalism
What countries have all communism capitalism and socialism?
Which countries that are under communism , socialism and capitalism
Why is capitalism called a free market economy?
Under capitalism, the market is free from state interference.
Why entrepreneurship have a best chance of surviving under capitalism?
yeah
How are basic economic decisions made under capitalism?
Economic decisions under capitalism are made with an eye to increasing profits. Government involved is limited, and social responsibility is not a major consideration.
Under which system are factories controlled by private companies?
capitalism
What countries have all communism capitalism and socialism?
Which countries that are under communism , socialism and capitalism
Why is capitalism called a free market economy?
Under capitalism, the market is free from state interference.
What is best incorporates the concept of voluntary exchange?
Very few instances of exchange under capitalism are really voluntary.
Why entrepreneurship have a best chance of surviving under capitalism?
yeah
Are businesses allowed to make profit under capitalism?
Yes they are.
How are basic economic decisions made under capitalism?
Economic decisions under capitalism are made with an eye to increasing profits. Government involved is limited, and social responsibility is not a major consideration.
Who owns the companies under the system of capitalism - history?
Anyone can own companies under true capitalism. They can be owned by named individuals, groups, or even numbered accounts ( ie, secretly held).
In the communist society who owns the means of production?
This is a question that would be inapplicable to a Communist society. Keeping in mind that these things are up for argument, think of the situation more like this: - Under capitalism, one could look at a factory (i.e., a piece of the means of production) and tell me who owns it. - In the transition from capitalism to Communism (which is what some socialists mean by the word socialism), one might say that "the people" or "the state" owns the factory. - In a Communist world, one might look at a factory, ask someone who owns it, and have that person answer "Own? What do you mean?" In other words, the concept of ownership, at least as it pertains to non-personal items, would be inapplicable.
How are economic decisions are made under capitalism?
they are based on who can sell the most
Is freedom of choice capitalism or socialism?
Under capitalism, most people have little freedom of choice, as they have to work for an employer. Socialism will provide much more freedom, without the coercion of the wages system.
Why did The Soviet Union die?
Because Communism and/or Socialism are not effective economic models. When people are not motivated to produce (as by the profit motive under Capitalism), production will be inefficient and costly and shortages will abound causing dissatisfaction with government among the people. Eventually the situation will implode. It will implode even faster if the people can see their neighbors living under a more effective model as was observed in Western Europe.
