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Chinas economy is known as a what economy?

China's economy is known as a command system, or a socialist economy. This means that the wealth of everyone in China's work force is evenly distributed amongst everyone in the country. This poses a problem for people's incentive to work which is the main flaw in this type of economy


How is wealth divided in a communist country?

Wealth in a communist country is divided among its people according to their needs. In the 1875 work titled "A Critique of the Gotha Programme," Karl Marx described this as "From each according to his ability. To each according to his need." Most people erroneously believe that wealth in a communist society is distributed evenly to everyone. This is not so. NOTE: WILL SOMEONE PLEASE RE-CATEGORIZE THIS PROPERLY. IT SHOULD GO INTO "COMMUNISM", "KARL MARX" , AND MAYBE EVEN "LENIN" SINCE HE ADVOCATED THE COROLLARY "HE WHO DOES NOT WORK, SHALL NOT EAT." IT CERTAINLY DOES NOT BELONG IN "COLD WAR", OR "JOSEPH STALIN." ISN"T THERE A COMPETENT SUPERVISOR WATCHING THE "JOSEPH STALIN" CATEGORY."


Who is the narrator on the Wealth TV program The Roman Empire?

I believe it is George Guidall.


What two factors contribute to Egypt wealth during the New Kingdom?

The two factors that contributed to Egypt's wealth during the New Kingdom were conquest and trade.I believe two factores contributed to Egypts wealth during the New Kingdom were the conquest and trading.


Why was the speech every man a king given?

The speech "Every Man a King" was delivered by Huey Long, the Louisiana politician, in the 1930s to promote his populist agenda. It aimed to advocate for economic equality and social justice, emphasizing the idea that wealth should be more evenly distributed among the population. Long sought to rally support for his proposed programs, including wealth redistribution and public works, to combat the hardships of the Great Depression. Ultimately, the speech was a call to empower ordinary citizens and challenge the established elite.

Related Questions

What is uneven prosperity?

Uneven prosperity often refers to a society where wealth is not evenly distributed.


The gap between rich and poor nations is becoming?

wider The world is getting wealthier, but the new wealth is not distributed evenly.


What is cmmunism?

Communism is, in theory, a form of government in which wealth is distributed evenly. In practice, corruption is rampant, and the government becomes authoritarian.


Was wealth distributed evenly among member of the colonial society?

Do you mean American colonial society? if you do, then no, of course not, there were rich and poor as there was everywhere.


What are the current trends in Globalization?

Global wealth is less evenly distributed. Due to globalization The wealth gap is growing larger Outsourcing is becoming more common


Why can't everyone be rich?

Not everyone can be rich because wealth is relative and limited. In a society where everyone is rich, the value of wealth would decrease, making it no longer a distinguishing factor. Additionally, resources and opportunities are not evenly distributed, leading to disparities in wealth accumulation.


Why did Upton Sinclair and Robert la follette believe that the new deal did not go far enough?

Sinclair believed that the nation's entire economic system needed to be reformed along Socialist lines. La Follette believed that wealth needed to be evenly distributed...also socialism


Who is a person that believes that wealth should be evenly distributed throughout society?

A person who believes that wealth should be evenly distributed throughout society is often referred to as a socialist. Socialists advocate for policies that promote economic equality, such as progressive taxation, social welfare programs, and public ownership of resources. They argue that reducing wealth disparities can lead to a more just and equitable society, where everyone has access to essential services and opportunities. Prominent figures like Bernie Sanders and Elizabeth Warren have expressed similar views on wealth distribution in their political platforms.


Were the products of industrialization evenly distributed throughout the community Explain?

No, the Industrial Revolution was actual the beginning of an uneven distribution of wealth. Most of the money stayed in the hands of the very rich.


Why is Venezuela so poor if they have so much oil?

Like most countries, wealth is not distributed evenly. There have been a lot of social and political problems in Venezuela, including corruption, but that has improved.


Are natural resources distributed evenly around the world?

No, natural resources are not distributed evenly around the world. Different regions have different levels of abundance in resources such as oil, minerals, and water. Factors like geology, climate, and past geological processes influence the distribution of natural resources across the globe.


The study of how wealth is created and distributed is?

Economics.