SOCIALISM. State takes one and gives it to someone else COMMUNISM. State takes both and gives you milk FASCISM. State takes both and sells you milk CAPITALISM. You sell one and buy a bull
SOCIALISM. State takes one and gives it to someone else COMMUNISM. State takes both and gives you milk FASCISM. State takes both and sells you milk CAPITALISM. You sell one and buy a bull
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
EXPLAIN EACH CONCEPT
![2 cows
SOCIALISM. State takes one and gives it to someone else
COMMUNISM. State takes both and gives you milk
FASCISM. State takes both and sells you milk
CAPITALISM. You sell one and buy a bull
Socialism:
Communism:
Fascism:
Capitalism:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5980fb48-7547-4c5c-8ce8-d57dfc43cf36%2F4bd1eeef-c21c-4e85-8971-4bcc964c8f8c%2Fnc0jhhd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2 cows
SOCIALISM. State takes one and gives it to someone else
COMMUNISM. State takes both and gives you milk
FASCISM. State takes both and sells you milk
CAPITALISM. You sell one and buy a bull
Socialism:
Communism:
Fascism:
Capitalism:
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