A socialist economy is a system of production where goods and services are produced directly for use, in contrast to a capitalist economic system, where goods and services are produced to generate profit (and therefore indirectly for use). "Production under socialism would be directly and solely for use.
Numerous Eastern European countries transitioned to capitalism in a relatively <u>short</u> time period after the fall of the Soviet union.
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From the middle of the 3rd century to the middle of the 2nd century bce, Carthage was engaged in a series of wars with Rome. These wars, which are known as the Punic Wars, ended in the complete defeat of Carthage by Rome and the expansion of Roman control in the Mediterranean world.
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