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What does a government do in a socialist country?
set prices for goods and services
What does the government do in the socialist country?
set prices for goods and services
Which form of government attempts to plan produce and distribute goods equally to all citizens?
A socialist system
What the government do in a socialist country?
Set prices for goods and services.
What goods do home and foreign produce?
Home produce refers to goods that are made or grown within one's own country, while foreign produce refers to goods that are made or grown in other countries.
What is the primary determinant of a country's standard of living?
a country's ability to produce goods and services
Is Colombia a socialist or communist country?
Neither: it is capitalist.
What European country's are socialist?
There are no socialist countries in Europe.
What are economic operational decisions that must be made by a socialist government?
Economic planning is a challenge for a socialist country. Major hurdles are the following:* What should be produced, and in what quantities;* Determining the most efficient method to realize the first decision;* Decisions and policies that measure when older production facilities should be replaced by new technologies; and* Designing an orderly and efficient way to distribute produced goods to the population.
Can a corporation be run in a socialist way even in a capitalist country?
A corporation can be managed and structured in a socialist (co-operative) way in a capitalist economy. But it cannot be run in a socialist way (produce goods and services for use) in a capitalist economy, otherwise it would not survive in the market. A corporation can be organized as a co-operative, with workers collectively owning the corporation, with internal democracy. But that is the limit to how socialist it can become. It will not be able to operate as a full socialist organization as long as it exists in a capitalist economy.
How can international specialization affect some workers?
With many goods and countries, it means a country has some goods that it does not (and cannot competitively) produce.
What is the best description of the Russian economy before 1985?
The best description of the Russian economy before 1985 was a socialist economy. The socialist economy focused on the production of goods for the use of the country and humans needs and not for the accumulation of capital wealth.
