By doing away with the economy and having a system based on production for use, with free access and no money or prices.
theoretically
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how to make soup
The government transfers money to the poor.
Socialism
Apparantly by spending buttloads of money that we don't have.
I don`t know help me
Solve the economic problem of overproduction
There is no one economic policy for socialism, different socialist movements and parties have different platforms and policies.
it can be solve by if we can enhance to use more and more natural resources and decrease the chemical things which can pollute our enviroment
how does the market mechanism solve the basic problem of free market economy?
Price mechanism is an effective way to solve the basic economic problem. The price of a product is what will determine the demand and this will influence the production output which directly affects the economy.
No, socialism is an economic system with specific economic models. It is not as much a political ideal as it is an economic system intended to lead to certain social outcomes.