Economic Systems

Every estate was self-sufficient and produced or grew everything it needed to function.

Capitalist Mixed Economy

a communist state. Also It has an unlimited government and its an authority based government.

The Socialist Republic of Vietnam is a single-party socialist state having a communist government.

Algeria has a mixed economy that is slightly closer to command than market

The socialist movements position on what was becoming World War I was that it was a war for the capitalist classes and that the labor movement should stay out of it. Nationalism overwhelmed Mussolini's socialism and he supported Italy's entry in the war (on the Allied side). Many Italians such as Mussolini thought that Italy did not get justice in terms of territorial settlements at the end of the war despite having been on the winning side. After the war there was social turmoil in Italy and socialists and communists were winning control of many city governments. Mussolini organized the Fascist Party to counter the socialists and communists and, through a march on Rome, gained control of the Italian government. Mussolini ruled Italy as a dictator during the late 1920's and 1930's. He allied himself with Hitler.

Mercantilist is what the British economic system was between 1651 and 1733. This type of system used government regulation of the economy.

The squad

Making choices involves evaluating available options to determine which best satisfies an individual's wants and needs. Consumers assess factors such as price, quality, and personal preferences before deciding. Satisfying these wants and needs is central to consumer behavior, as it drives purchasing decisions and influences market demand. Ultimately, businesses aim to align their offerings with consumer desires to enhance satisfaction and loyalty.

The economic system had enormous impact on the medieval society.

In the early middle ages, the economic system was in a shambles in western Europe. People had to rely on the local lords and the Church for guidance and governance. There were few economic opportunities. In other words the the economic system influenced the society by its weakness.

Later, travel increased. This was impelled to some extent by the crusades, and was furthered when the Mongols secured the silk road, making trade between Europe and China possible. This created interest in the outside world and things to which people were not accustomed. Silk and spices became important.

The rise of banking, particularly in Italy, and the development of the Hanseatic League had the effect of producing the medieval communes, which were not communes in the modern sense, but rather walled towns and cities of people who bonded together for mutual interest, both for defense and for trade. Since the reason for such communities to exist was largely mercantile, it was often the merchants who ran the cities, and the governments tended to be republican and sometimes were to some degree democratic.

Capitalism: wages system, production for sale, class ownership

Socialism: no classes, production for use, free access

command economy

They face the same basic economic problems

Capitalism: wages system, production for sale, class ownership of the means of life.

free enterprise system!!

There are 3 economic systems 1 Capitalism (Which is Free Market) 2 Socialism (when the government owns education,communication and transportation) 3 Communism when the government owns everything

The US of A has a mixed economy - a combination of market economy and command economy.

Indeed Marx emphasis was on a value based society that supported inequality, based on an individual's social and economiv standing.

market economy

Cuba qualifies as such. It is a republic with a communist regime that has a command economy (i.e. centrally planned).

They moved to a mixed economic system.

full unemployment rates

No. Saudi Arabia is a unitary state.

a. barter

b. privatization

c. state-run businesses

d. the black market

Samoa has a market economy