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Classical capitalism

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What type of political system has collective government ownership of the economic system?

Socialism


What are characteristics of communalism feudalism and slavery?

Communalism is characterized by shared ownership and collective decision-making, where resources and responsibilities are managed for the benefit of the community. Feudalism involves a hierarchical system where land is held by lords in exchange for military service, with peasants or serfs working the land and bound to it. Slavery entails the complete ownership of individuals who are forced to work without compensation or rights, often treated as property. Each system reflects different social, economic, and power dynamics within society.


Why was the communist system created by Lenin and Stalin seen as a rejection of Western capitalism?

Communism is an economic system almost the opposite of capitalism. Capitalism is the ownership of property and the means of production and wealth is in the hands of private entities. Communism is ownership of property and the means of production by the government and wealth shared with all.


In the soviet union under Mikhail Gorbachev the trend toward private ownership of business represented a move away from?

In the Soviet Union under Mikhail Gorbachev, the trend toward private ownership of business represented a move away from the strict state-controlled economy that characterized the earlier years of communist rule. Gorbachev's policies of perestroika aimed to introduce elements of market economics and decentralize economic control, allowing for greater individual entrepreneurship. This shift marked a significant departure from the ideology of collective ownership and central planning that had dominated the Soviet system. Ultimately, these reforms contributed to the unraveling of the Soviet economic structure and the eventual collapse of the Soviet Union.


What was jagirdari system?

The feudal system of land ownership is reffered to as Jagirdari system

Related Questions

The economic system that calls for a maximum of collective ownership is?

communism


What economic system is based on collective ownership?

Communism


Economic system based on collective ownership?

Libertarian Socialism is the economic system based on equal collective ownership of property. It includes Social anarchism and libertarian Marxism.


What type of political system has collective government ownership of the economic system?

Socialism


What economic system calls for a maximum of private ownership?

that would be capitalism, i believe


An economic system where all business is controlled by people who share equally in the profits is called?

Libertarian Socialism is the economic system based on equal collective ownership of property. It includes Social anarchism and libertarian Marxism.


What is the economic system based on private ownership investment and profit?

Capitalism is the economic system based on private ownership and profit.


What is an anticapitalist?

An anticapitalist is someone who opposes the current economic system based on private ownership of the means of production, distribution, and exchange for profit. They often advocate for alternative economic structures that prioritize social welfare, equality, and collective ownership.


Which economic system would have the least private ownership?

Planned economic systems would have the least private ownership.


What is a collective economy?

A collective economy is an economic system where ownership of resources and the means of production is shared or collectively controlled by a group of individuals or the community as a whole. In this system, decision-making and distribution of goods and services are often based on principles of cooperation and mutual benefit rather than individual profit.


What economic system is based on private ownership?

capitalism


What economic system would you find the LEASTprivate ownership?

Communism