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socialism
Essay specific features
Written by:
Michael K
Date added:
August 19, 2013
Level:
University
Grade:
A
No of pages / words:
3 / 831
Was viewed:
2483 times
Rating of current essay:
Essay content:
or Mrs. They both believed in the fact that the government should control all business decisions. In economics, there are three main decisions that are to be made: 1. What to produce?, 2. How to produce it?, and 3. For whom should it be produced? In an economy based on socialism, these decisions are solely made by the government...
displayed 300 characters
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For whom should it be produced? In an economy based on socialism, these decisions are solely made by the government. In other words, the government decides what to make, what process they are going to use to make it, and who they will make the products for. These are basically the only similarities between the two forms of socialism...
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