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

How can decrease in demand, Movements of the demand curve itself, either to...

Movements of the demand curve itself, either to the left or right are known as changes in demand.  A change in demand is caused by a change in one or more of the nonprice determina

Private returns versus social returns, Private Returns Versus Social Return...

Private Returns Versus Social Returns As there is subsidisation of education by the state in all countries (and a little higher subsidisation in developing countries) it happe

Budget Line, if coast of good A fall by Rs.1 & coast of good B increases by...

if coast of good A fall by Rs.1 & coast of good B increases by 1 Rs. what will be the effect on budget line

Rational decision, what is rational decision and why it requires one''s cho...

what is rational decision and why it requires one''s choices be consistent with one''s goals?

Functions of money in any modern economy, Functions of money in any modern ...

Functions of money in any modern economy: A medium of exchange: Money facilitates the exchange of goods and services because, people exchange the goods and services they produ

International trade, International trade: International trade refers t...

International trade: International trade refers to the exchange of goods and services between countries. Goods sold to other countries are referred to as exports and goods bou

Continuity and regularity- export strategy , Continuity and Regularity: ...

Continuity and Regularity: We should make it a point that once we have entered the market for a particular commodity and have gained some foothold in it, we must strive to ma

Is economic development is based on goverment, Is economic development is b...

Is economic development is based on goverment Many governments--mainly unelected governments-aren't that interested in economic development. Giving valuable industrial franchis

Describe the spatial distribution, Show that a pulsed spherical wave has a ...

Show that a pulsed spherical wave has a complex wavefunction of the form U(r,t) = (1/r)a(t-r/c) where a(t) is an arbitrary function. An ultrashort optical pulse has a complex wavef

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