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Which economic system has the government answering the basic economic question pure capitalism or pure socialism?
Wiki User
∙ 8y ago
I will study the doctorines of Socialism carefully before I rush to hasty, economically driven conclusions. Sorry to post on this thread without expert knowledge.
Wiki User
∙ 8y ago
Wiki User
∙ 8y agoAssuming that "answer" means "to fulfill all needs", then this would be PURE SOCIALISM.
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What is an economic system where the government owns and controls the means of production?
socialism.
Why do some people think capitalism is the best form of government?
Capitalism is not a form of government. Communism is not a form of government. Socialism is not a form of government. All three of those are economic forms, not forms of government.
What types of economic systems exist throughout the world today?
capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy
Which economic system does the government own most of the factories equipment and agricultural lands?
State capitalism.
Which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy is called?
Socialism is when ownership of production and distribution is controlled collectively or by the government. The opposite of socialism is capitalism.
An economic system is.?
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
Economic system which government controls the factors of production for the public good?
Under state capitalism, the government controls the means of production. But this is for the benefit of the ruling class, not for ‘the public good’.
What two economic systems have African leaders advocate?
Capitalism and Socialism
What has the author Leszek Balcerowicz written?
Leszek Balcerowicz has written: 'Socjalizm, kapitalizm, transformacja' -- subject(s): Economic policy, Privatization, Socialism, Economic conditions, Capitalism '800 dni' 'Common fallacies in the debate on the economic transition in Central and Eastern Europe' -- subject(s): Privatization, Economic conditions 'Socialism, capitalism, transformation' -- subject(s): Economic policy, Privatization, Socialism, Economic conditions, Capitalism
What do supporters of socialism generally feel about capitalism?
Socialists generally feel capitalism is an outdated form of organizing an economy that needs to be replaced by a socialist economic system.Capitalism leads to inequality among citizens.
What was the belief that government should own all the business because people are greedy and will take advantage of customers?
This description sounds a lot like socialism. Socialism is the economic system where everything included under economics is run by the government and spread equally amongst all taking place in it. Socialism is a direct opposite of capitalism, which is the economic system where everything included under economics is controlled by private parties that have little interference from the government. Friedrich Nietzsche came up with socialism, which was trying to solve the problem of exactly the question you are answering: players involved in capitalism's system were often greedy and took advantage of customers, with a majority of the wealth centered around a certain group. Socialism tends to tax heavily and often, in order to keep the wealth spread around, while Capitalism has a laissez-faire (free market) and has little taxes on goods.
Labels such as capitalism communism and socialism are examples of what?
These are examples of economic and political ideologies.
