Question

You studied for two hours each day, for an entire week, before your first marketing exam. When you turned in the test, you felt confident that your effort would pay off. At the next class meeting, your instructor said she was considering curving the grades because the class average was lower than she had anticipated. All of a sudden, your 98% score did not have the same impact that it did when you first saw it! Now the guy next to you that got an 84% is likely to have an "A" grade too. As you analyze this situation, you realize that it parallels an economic system such as ________________, where even if you work harder than another person, you are likely to realize the same benefit.

Answer 1

Answer:

Socialism  

Explanation:

Socialism is a combination of social and economics. It is the doctrine of both these aspects. It means that it calls for public property rather than called for ownership of the property. It is the fact that we all are social animals and we can not live in isolation or work in isolation. We all work in cooperation whatever we made we share it. Socialism is the opposite of capitalism. Capitalism is based on private ownership or control of the property. The origin of socialism is in the political revolution of the industries. Plato a famous philosopher, also depicts his ideas in the concept of socialism and capitalism.