The ability of each individual to produce.
Under socialism, society controls the means of production.
The Soul of Man under Socialism was created in 1891.
Which countries that are under communism , socialism and capitalism
Democratic Socialism ;)
National Socialism
Dorothy J. Solinger has written: 'Chinese business under socialism' -- subject(s): Commercial policy, Socialism 'China's transition from socialism' -- subject(s): Economic policy, Socialism, Central planning
Socialism= big government. With too much government, your rights aren't protected. It's risky to live under socialism because socialist governments believe they're entitled to your work and your property.
Socialism has no money, no economy and no prices. Under capitalism, prices are essentially determined by the amount of labour involved in producing something (affected too by supply and demand, among other things).
burying individual initiative under layers of bureaucracy.
World War I
Korea was divided into Soviet and American occupied zones in 1945, following the end of World War II. With the north under soviet socialist influence and the south under capitalist western influence there became a division between the two that has yet to be resolved remaining NK under socialism and SK under capitalism.
A command economy is a system where the government controls economic activity and the production and distribution of goods. In a capitalist economy, such things are determined by market forces.