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What advantages might a socialist system have in responding to the needs of the poor?
The socialist system is based on the notion of equality for everyone, everyone has a job and everyone has a place to live. Everyone has to forfeit their class rights in a socialist system. A socialist system has universal health care and dental care, childcare, as well as similar access to resources such as food and water. Ideally, the socialist system could cater to the needs of the poor because it provides equal access to all folks, regardless of income. Although advantageous to the poor, the socialist system can mean heavy taxation on all citizens. There could be corruption as well as unequal access to resources which means that the people who tow the party line usually have more access to better goods. The socialist system means highly unusual labor quotas, food ration cards, long lines at the store, or below superior quality goods available.
Is south Korea developed under a socialist system?
No, South Korea is not developed under a socialist system. It is a capitalist country with a mixed economy that includes elements of socialism, such as government intervention in certain sectors, but overall it operates on capitalist principles with a focus on private enterprise and free market competition.
Why COMECON formed?
COMECON was formed in 1949 in response to the emerging competition between Western capitalist countries and Eastern socialist countries during the Cold War. It was created to promote economic cooperation and socialist development among its member countries, providing them with a platform to trade resources and coordinate economic plans to strengthen their socialist economies.
Was the red star a communist symbol?
Yes, the red star has been commonly associated with communism, particularly in the Soviet Union and other socialist states. It symbolizes the revolutionary spirit, international solidarity, and socialist ideology.
What group believed their system of cooperating communities?
The group that believed in a system of cooperating communities was the Utopian socialists, particularly figures like Charles Fourier and Robert Owen. They envisioned ideal societies where people would work together in cooperative living arrangements to promote social harmony and equality. Their ideas emphasized communal ownership and collective decision-making as a way to address social and economic inequalities. These concepts laid the groundwork for later socialist movements and cooperative movements.
Which of the following is another term for a planned economy?
Socialist system
The economic system developed by Marx was?
Socialist
What is a term for a planned economy?
socialist system
What system has a socialist economic system and a totalitarian form of government?
Capitalism
What is a system which has a socialist economic system and a totalitarian form of government?
Father
Is france's economy more capitalist or socialist?
Capitalist: class ownership, wages system, production for sale.
What is the economic system which has a socialist economic system and a totalitarian form of government?
CommunismNovaNet
Do Consumers have more choice in a socialist system over a capitalist system?
truee
Which kind of economic system does a socialist country have?
Planned
Which of these would have a controlled economic system?
a socialist country
What kind of economic system does a socialist country have?
Planned
Do you have a free market system in the US?
The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.
