Socialist economy, economics, Microeconomics

Assignment Help:
Socialist Economy: The material means of production are owned by the whole community represented by State under socialist form of economy. All members have equal right in the benefits from socialised planned production. The government or the central planning authority makes the economic decisions of what to produce; how much to produce, how to produce and for whom to produce on behalf of the society. Thus, the government plays an all-pervasive role in the economic decisions under socialist economy.

Related Discussions:- Socialist economy, economics

Traditional food processing methods, discuss african traditional methods of...

discuss african traditional methods of production and processing of food

Available resources with the desired goals, Available resources with the de...

Available resources with the desired goals: To match the available resources with the desired goals: The complementary nature of some investment decisions make for planning. T

Transition elements, why d block elements are called inner transition eleme...

why d block elements are called inner transition elements?

Determine the benefits of increased openness in trade, The benefits of incr...

The benefits of increased openness in trade. Narrowly defined, trade openness is lowering trade barriers - facilitating increased imports - whereas focusing on international ex

Physical science, What is the formula for heat and how do you solve it?

What is the formula for heat and how do you solve it?

Agriculture, project on visit to village for agriculturebased project

project on visit to village for agriculturebased project

What is endogenous growth theory, Problem 1: Any development strategy s...

Problem 1: Any development strategy should put people first; indeed, its very effectiveness should be measured in terms of how it impacts the poor. (a) Describe the link bet

Benefits of education, Benefits of Education The returns a person/soci...

Benefits of Education The returns a person/society (state/government) gets from acquiring education is referred to as benefits from education. If such returns are paid/receive

Consumption theory, brief explain of keynesian consumption theory

brief explain of keynesian consumption theory

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd