Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Socialism and Capitalism: Alternative Theories

Socialism and Capitalism: Alternative Theories

Compton, Stacey

Hardcover

Social Movements

ISBN10: 163989487X
ISBN13: 9781639894871
Publisher: States Academic Pr
Published: Sep 27 2022
Pages: 218
Weight: 1.02
Height: 0.56 Width: 6.00 Depth: 9.00
Language: English
Socialism and capitalism are two opposing economic and political systems. These two systems majorly differ in the scope of government intervention within the economy. In capitalism, the means of production is owned and controlled by individuals or private groups. Production and consumer prices under capitalism are based on free market conditions, which rely on supply and demand. Under socialism, the means of production are publicly owned, either through cooperatives or the government. A socialist economy is called a planned economy. Production and prices are controlled by the government to meet the needs of the people. Most countries that exist today are mixed economies that fall somewhere between pure capitalism and pure socialism. This book covers in detail some existent theories and innovative concepts revolving around these two economic systems. Its aim is to present alternative theories on socialism and capitalism. This book is a vital tool for all researching or studying the economic theories as it gives incredible insights into emerging trends and concepts.

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