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In which of the following economic systems does the state makes almost all economic decisions and own almost all the major factors of production, including housing for its people? A. Capitalism B. Socialism C. Communism D. Mixed
Weegy: A. Capitalism (More)
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Updated 7/22/2013 12:25:44 PM
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The economic system in which the state makes almost all economic decisions and own almost all the major factors of production, including housing for its people is COMMUNISM.
Added 7/22/2013 12:25:44 PM
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__________ refers to the quantity of products that people are willing and able to buy at different prices at a specific time. A. Profit B. Supply C. Demand D. Resource equivalence
Weegy: refers to the quantity of products that people are willing and able to buy at different prices at a specific time. C. Demand (More)
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Asked 7/22/2013 12:48:35 AM
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Which of the following is NOT an example of distribution of profits under socialism? A. Health care benefits B. Retirement benefits C. Choice of jobs D. Higher education at no cost
Weegy: Socialism is an economic system characterised by social ownership of the means of production and co-operative management of the economy.[1] "Social ownership" may refer to cooperative enterprises, common ownership, state ownership, [ citizen ownership of equity, or any combination of these.[2] There are many varieties of socialism and there is no single definition encapsulating all of them.[3] They differ in the type of social ownership they advocate, the degree to which they rely on markets or planning, how management is to be organised within productive institutions, and the role of the state in constructing socialism. Choice of jobs is not an example of distribution of profits under socialism. Many people believe that socialism means government or state ownership and control. Who can blame them when that is what the schools teach and what the media, politicians and others who oppose socialism say? Worse, some people and organizations that call themselves socialist say it, too—but not the Socialist Labor Party. The SLP says that socialism is something entirely different. After all, we have plenty of government or state ownership in America today, but who would argue that America is a socialist country because of it? This is a capitalist country, not a socialist one. Yet many cities own and run their own hospitals, libraries, transportation systems and utilities. The public schools, state college and university systems are government owned. The federal government owns and controls the FBI, the CIA, the army, the navy, the air force, the U.S. Marines and the National Aeronautics and Space Administration. Why, it even owns all the national forests and national parks. Yet, who would call these institutions examples of socialism? Who would say that today’s government is socialist because it owns all of these things? Not the SLP. What Socialism Is If government or state ownership is not socialism, what is? Before answering that question there is ... (More)
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Asked 7/22/2013 12:47:45 AM
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