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- Socialism is an economic system in which major industries are owned by the workers, rather than by private businesses. It is different from capitalism, where private actors, like business owners and shareholders, can own the means of production.simple.wikipedia.org/wiki/Socialism
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Socialist economics - Wikipedia
Socialist economics comprises the economic theories, practices and norms of hypothetical and existing socialist economic systems. A socialist economic system is characterized by social ownership and operation of the means of production that may take the form of autonomous cooperatives or direct … See more
Karl Marx and Friedrich Engels believed that hunter-gatherer societies and some primitive agricultural societies were communal, and called this primitive communism. … See more
A socialist economy is a system of production where goods and services are produced directly for use, in contrast to a capitalist economic … See more
Robin Hahnel and Michael Albert identify five different economic models within socialist economics:
• Public enterprise centrally planned economy in which all property is owned by the state and all key economic decisions are made centrally … See moreCentrally planned economies
A centrally planned economy combines public ownership of the means of production with See more• Albert, Michael; Hahnel, Robin: The Political Economy of Participatory Economics, Princeton University Press, 1991. (Available online)
• Amin, Samir: Spectres of … See moreWikipedia text under CC-BY-SA license Socialism - Wikipedia
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Socialist Economy: What Is It, In Theory or Practice?
WebDec 31, 2023 · Daniel Kurt. Updated December 31, 2023. Reviewed by. Robert C. Kelly. Fact checked by. Yarilet Perez. Generally speaking, a socialist economy is a system in which there is collective ownership...
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