There can be no such thing as a Socialist economic system. Socialism has no money or wages or prices, hence no economics. Nor does it have any government. Socialism has no classes or government, just people co-operating for the common good.
CommunismNovaNet
Capitalism
Father
Socialism has no wages or only or prices, hence no economic system. It also has no classes or rulers or government.
Socialism: a society with no classes or state or money or prices or poverty or billionaires. So no economy and no government.
Totalitarian government and socialist economic system
equity
A socialist economic system combined with a totalitarian system of government. The use of totalitarianism as a means to promote or develop a socialist society, such as the USSR under Stalinism.
Yes! they are capitalist country though, but socialist in hiding!
Socialist
Just like the way it works in a capitalist economic system,only you work for the GOVERNMENT and not just some fat guy who likes Cheetos.You will still have a normal "boss",only he will be part of the government.
Planned