Capitalism vs Socialism: What's the Difference?
Own is about things, steer is about decisions, share is about results.
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1.Which three questions does the video use to compare the systems?
Own is about things, steer is about decisions, share is about results.
2.What are the means of production?
In a market economy private individuals or groups own them; in a command economy the government does.
3.Can one state-owned railway make a whole economy socialist?
There is no such thing as an absolutely free market; the real question is how much, and in which sectors.
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Sources (5)
- OpenStax: Principles of Economics 3e, Abschnitt 1.4 "How To Organize Economies: An Overview of Economic Systems"
- Marx, K.: Critique of the Gotha Programme (1875), Teil I (marxists.org)
- Constitution of the People's Republic of China, englische Fassung
- Lange, O.: On the Economic Theory of Socialism, Review of Economic Studies 1936/1937 (Marktsozialismus)
- Eigene Rechnung: Brotbedarf 120 gegen Backmenge 100
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