What is the primary distinction between modern communism and socialism?

2 answers:

8 0

Economic and political structure like socialism and communism promote equality which aim to eliminate social classes but, these two are quite different. According to Karl Marx, socialism is a response to capitalism while communism is a result of the Russian Revolution. Socialism was proposed by economists as a theoretical ideal but was neither put into action nor to practice and communism in 1900s became the dominant economic system. In actual sense, communism is a certain form of socialism which is practiced in several modern democracies in Western Europe today. Socialism permits private ownership of property or businesses, but communism has the government take control in all property.

kiruha [24]3 years ago

3 0

for plato, the answer is d. socialism allows for some private ownership of property and businesses, but communism has the government hold all property!

posting this for future users!

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Last year Ace charged $1,466,667 Depreciation on the Income Statement of Andrews. If early this year Ace purchased a new depreci

SashulF [63]

Answer:

Correct option is d)

Explanation:

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Further such purchase of new asset will increase the balance of fixed assets in balance sheet and therefore, will only impact on balance sheet.

Thus correct option is d)

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4 years ago

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3 years ago

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MrRissso [65]

The expansionary fiscal policy will shift the aggregate demand curve from AD0 to AD1 and equilibrium will move from point a to b if the economy starts below full employment.

<h3>What is the below full employment?</h3>

Its means when an the short-run real gross domestic product is lower than that same long-run potential real gross domestic product.

Hence, the economic situation will elicit a policy of expansionary fiscal which will affect the aggregate demand graph.

Therefore, the aggregate demand curve from AD0 to AD1 and equilibrium will move from point a to b if the economy starts below full employment.