Who owns property in a socialist system?

Q: To what extent should government influence the economy of a democracy such as the United States?

A: In every economy, the government takes decisions to achieve the desired growth rate. The government…

Q: The people of China now enjoy a socialist market economy rather than pure communism. What must the…

A: Economic Freedom Every person has the fundamental right to govern their own employment and property,…

Q: Imagine that the leaders of a poor nation with a centrally planned economy become willing to try a…

A:

Q: How might the quality of life ultimately be determined and measured?

A: Standard of living is the level of comfort, necessities, material goods, and wealth available to the…

Q: the difference between mercantilism, liberalism, and Marxism. How does each view the purpose of…

A: Mercantilism was a trade-related economic policy that mainly existed from the 16th to the 18th…

Q: What is the rule of law?

A: It is a concept in which the law is something to be obeyed by everyone either the people or the…

Q: Why are good policies and programs important in states?

A: In different states, there are different types of government to manage the socio-economic activities…

Q: what did adam  proposed that government should do to help the economy

A: Government is a very important economic unit. It controls an economy and provides various resources…

Q: In a formal paragraph, tell me which economic system you believe is the best. Consider your needs…

A: The discussion over which economic system is "best" has persisted across time, with supporters and…

Q: In the US, we have a mixed economy. You can find severa examples of a market capitalist economy, a…

A: Economy refers to the system of production, distribution, and consumption of goods and services…

Q: What are the features of the socialistic economy?

A: According to the given question In Simple words we can say that a socialist economy is that type of…

Q: Which type of economic system do you support? Why?

A: The mixed economic system, market economic system, and the command economic system are the three…

Q: Describe three different kinds of economic systems.

A: Different kinds of economic systems include;    1. A command economy    2. A market economy   3. A…