Compare and contrast the different economic ideologies including: communism, socialism and capitalism. Define each ideology and think of different countries which have embraced each ideology.
Compare and contrast the different economic ideologies including: communism, socialism and capitalism. Define each ideology and think of different countries which have embraced each ideology.
What companies (if any) would be successful in each one of these countries? Discuss the characteristics of each company and consider whether they would subscribe to recent trends to adapt corporate social responsibility, gender equality and merit based promotion.
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| communism | socialism | capitalism | |
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The public authority claims/directs all aspects of the economy. |
furthermore, People and private businesses also their own settle on their own monetary choices, keeping the benefits and tolerating the losses. |
Fascists accept that liberal majority rule government is old and respect the total assembly of society under an authoritarian one-party state as important to set up a country for the furnished clash and to react viably to monetary difficulties.
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People and private organizations own beginning and end and settle on financial choices liberated from government law, keeping the benefits and tolerating the losses without intercession. |
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Also known as: Command Economy |
Also known as: Mixed economy |
fascism is racial statism |
Also known as: Free Market Economy or Free Enterprise |
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Generally adjusted to the political left |
Generally adjusted to the political right too political left | Generally adjusted to the political right | |
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