What does marxist economy means? What sectors of economies are being controlled? Why are they being controlled?

Q: In your own words and idea, which is more effective in ruling or governing a country, dictatorship…

A: In my view, democracy is a better option. We will discuss a few points and will see how democracy to…

Q: flaws of capitalism and socialism?

A: Socialism - The government uses to manage money and economic resources in a socialist economy. The…

Q: What did Adam Smith predict would happen if economic individualism were allowed to operate in a…

A: Adam smith predicted that if individualism was allowed to operate in a country,democratic governance…

Q: What makes Islamic economic system different from socialism and capitalism?

A: An economic system is a collection of rules that regulate how a company operates and makes decisions…

Q: Which of the political tools for controlling economic systems is the best?

A: Answer- Need to find- Which of the political tools for controlling economic systems is the best…

Q: How did capitalism change lives for the better? How did it impact lives negatively? In what ways has…

A: Capitalism: It is defined as the economic system in which factors of production, trade, and industry…

Q: Analyse socialism and capitalism in relation with the Philippine society. Which of these economic…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first question for you. If…

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: How did Marxism challenge the prevailing political and economic traditions?

A: Marxism Marxism is a basically a social and political worldview that encompasses Marxist class…

Q: how do money and debt play a decisive role in the development of the market logic of capitalism?

A: Many businesses and people utilize debt to finance significant expenditures that they otherwise…

Q: The five force model is a framework

A: The model that represents economic processes through a set of variables and a set of logic and…

Q: Explain why people would prefer to live in a socialist or a capitalist country?

A: Under capitalism, means of production are owned by private individuals, and decisions about…

Q: will happen to the country or world if there is no economic system?

A: Everyone would be totally self-sufficient, sitting around their very own fires, Preparing no matter…

Q: What are the major economic systems?

A: An economic system is the combination of different government plans and allocation of the resources…

Q: in your own words, discuss the operation of capitalism.

A: Capitalism is one of the types of economies that explains a specfiic market structure according to…

Q: How does republicanism differ from democracy?

A: Forms of government refer to the various types of relationships between people and their regulating…

Q: What attribute of capitalism will eventually lead to its collapse as claimed by Marx? How did this…

A: Marx believed that the capitalist system held the seeds of its own demise from the start.

Q: why isn't trade among countries like a game with some winners and some losers

A: Meaning of Trade-Off and Game Theory: Trade-off basically refers to an opportunity cost i.e.…

Q: Why is it necessary to have a freely elected government for democratic capitalism to create a…

A: The democratic capitalism system is based on the 3 components: 1) Free enterprise which provides the…

Q: Why communism is a fail economic system?

A: Communism is an economic, social, philosophical and political movement and ideology whose final aim…

Q: Why is instability of capitalism such as, recession, a struggle for many?

A: Recessions are frequently best portrayed humorously. "You can bet your neighbour will lose his or…

Q: liberal theory look at the ralationship between state, civil society and market ?

A: The theory of liberalism gave prominence to the concept of individual freedom consent. The idea of…

Q: How is the success of economic policy measured?

A: There are various measures adopted by an economy to monitor its success or growth. Some examples…

Q: What is capitalism, and how does it work?

A: Capitalism is one of the form of economic system using which a specific economy is operated.

Q: How is capitalism thought to benefit society?

A: Capitalist economy: - it is that economic system where the price, quantity, and types of goods and…

Q: China’s economic system is sometimes labeled __________. A. state socialism B. utilitarianism C.…

A: Economic system: It refers to a process of production, consumption, and allocation of goods and…

Q: write an essay about neoliberalism, marketization, or exclusion?

A: Summary- Neoliberalism is contemporarily used to allude to showcase situated change approaches, for…

Q: How did sectarian violence influence the shaping of some parts of the West?

A: The sectarian violence is also known as the sectarian strife and this was inspired from the…

Q: Explain the term Capitalism?

A: Capitalist economy: - it is that economic system where the price, quantity, and types of goods and…

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

A: As we know that Economy is that system in society where people earn their livelihood. And engage in…

Q: Which of the following theories was first developed by Karl Marx? O Democratic Theory O Conflict…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Compare and contrast the world’s major economic systems. Why is capitalism growing, communism…

A: Capitalism believes in complete freedom in business and production processes and a more competitive…

Q: How democracy effect economy of any country? Explain with logical examples.

A: In democratic country the people of the nation have the power to decide the institution, and the…

Q: What is ‘state capitalism', and why do some consider it a threat to the contemporary global economic…

A: There exists a trade-off between the goals of efficiency and equity. In a free market scenario, the…

Q: Would Marx approve of the global economic system today?

A: Karl Heinrich Marx was a philosopher and economist who was born in Trier, Germany, and studied law…

Q: How do countries know if their economic systems areworking?

A: An economic system is a method by which governments organize and distribute resources, services, and…

Q: what are the socialism and communism systems?

A: Socialism and communism are economic systems.

Q: How does the transformation of society toward socialism allow workers to freely sell their labor?

A: The primary aim of socialism is to remove disparities or inequality among people by controlling or…

Q: Define nationalisation?

A: There are different types of economic, government, and social structures adopted by the countries…

Q: Who owns property in a socialist system?

A: .Socialism is a social and economic theory that advocates public ownership and control of property…

Q: what did Eugene debs did for capitalism?

A: Eugene V. Debs' case criticizes the American government for their participation in the First World…

Q: Discuss the difference between capitalism and communism.

A: The difference between Capitalism and Communism can be explained as follows:

Q: Why are no economies truly free, in the sense of having no controls or restrictions?

A: Economies cannot be set totally free because of negative economic experience that has been observed…

Q: What mechanism Islamic economic system provides to encounter those flaws? Those flaws mean…

A: (a)   The Islamic monetary framework is the assortment of rules, qualities and norms of direct that…