Socialist Economy:
In a socialist economy, the means of manufacture are owned and functioned by the State. Each decision concerning production and distribution are taken by the central planning authority. Therefore the socialist economy is also termed as planned economy or command economy. The government plays a vigorous role. Social welfare is given significance; therefore equivalent opportunity is given to all. All such benefits have delivered high level of human development. A few of the most successful socialist economies are Cuba, China, Vietnam and North Korea. The following are the fundamental characteristic features of socialism.1. Social Welfare Motive:
In socialist economies, social or combined welfare will be the major motive. Unlike capitalism, profit will not be the goal of policy making. The decisions will be taken maintaining the maximum welfare of the people in mind. Therefore social well-being of people will be the reason of development.2. Limited Right to Private Property:
The right to private property is restricted. Every properties of the country will be owned by the State. That is, the ownership is communal in nature. Therefore no individual can accumulate too much property as in the situation of capitalism.3. Central Planning:
Most economic policy decisions will be acquired by a centralized planning authority. Each sector of the economy will be directed by fine designed planning. 4. No Market Forces:
In a centralized planned system of development, the market forces merely have a restricted role to play. Production, commodity & factor prices, consumption and distribution will be managed by development planning with well-being motive.
Latest technology based Economics Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Basic Economic Problems help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Basic Economic Problems, project ideas and tutorials. We provide email based Basic Economic Problems help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Basic Economic Problems. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Basic Economic Problems. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
tutorsglobe.com biosynthesis of cholesterol assignment help-homework help by online cholesterol biosynthesis tutors
tutorsglobe.com autogamy assignment help-homework help by online self pollination tutors
tutorsglobe.com inflorescence assignment help-homework help by online plant morphology tutors
tutorsglobe.com functions of dna assignment help-homework help by online cell biology and genetics tutors
periodic table, tutorial all along with the key concepts of beginning of classification, attempts made by j w dobereiner, attempts made by j w dobereiner, attempts made by john newlands, work of lothar meyer, mendeleev's periodic law
The Angiosperms tutorial all along with the key concepts of Common features of Angiosperms, Adaptive Features, Monocotyledoneae and Dicotyledoneae
tutorsglobe.com biological importance of surface tension assignment help-homework help by online surface tension tutors
kinetics and equilibrium tutorial all along with the key concepts of factors influencing reaction rate, experimental methods, kinetics and the equilibrium constant and free energy
www.tutorsglobe.com offers reaction classification by structural change homework help, assignment help, online tutoring assistance, organic chemistry solutions by online qualified tutor's help.
tutorsglobe.com renal failure assignment help-homework help by online excretion tutors
theory and lecture notes of semiconductor materials and diode all along with the key concepts of conductors, insulators, reverse-bias and forward-bias.tutorsglobe offers homework help, assignment help and tutor’s assistance on theory of semiconductor materials and diode.
Thermodynamic Potentials tutorial all along with the key concepts of Internal Energy, Enthalpy, Helmholtz Free Energy, Gibbs free energy, isothermal process
tutorsglobe.com properties of protoplasm assignment help-homework help by online cell as a physiological unit tutors
Theory and lecture notes of Understanding the Growth Model all along with the key concepts of understanding the growth model, growing economy, Growth of Capital per Worker, Capital-Output Ratio, Steady State Growth Path. Tutorsglobe offers assignment help and tutor’s assistance on Understanding the Growth Model.
After than the lifting out the core and placing it upon a trestle, the interior of the tank should be carefully cleaned of all accumulated muck, sludge, and dirt.
1945308
Questions Asked
3689
Tutors
1460120
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!