1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Licemer1 [7]
3 years ago
11

Which economic principle closely relate to your own personal beliefs and why? Capitalism, Socialism, or Communism??

History
1 answer:
NemiM [27]3 years ago
3 0

This depends on what you believe in.

Historically, examples of each can be found in certain area and history of places, including the US for capitalism, P.R.C. for socialism, and the USSR for Communism.

<u>Capitalism</u>: Capitalism is the belief that private citizens should own the means of production as well as distribution, and that the market is not limited in any great way. People are free to produce what they want with little to no boundaries in the areas. Services and goods are provided based on supply and demand, and customers are free to choose which company or government agency to obtain these services and goods from.

<u>Socialism</u>: Socialism can be seen as a "borderline" Communism, in which the means of production, distribution, and exchange is regulated by the community based on what is produced and what is consumed. Socialism does not limit what kind of products appear, however.

<u>Communism</u>: Communism is a step further than Socialism, in which there is a heavily control of the type and amount of a product being produced, as well as what type of products go to the consumers. Different areas may receive different types of products. Communism is also extreme, for it advocates for a classless society, but it fails to do so and instead creates a totalitarian state.

To choose what type of economic principle closely relates to your beliefs, ask yourself some questions:

1) Do you believe in state-regulation? If yes, how much, and what is your limit? The less you believe in it, the more Capitalistic your view. The more you believe it, the more you lean to Communism.

2) Do you believe in having the freedom in being able to choose what type of company's product to buy? If you like to have choice, lean towards the Capitalistic view. If you do not, lean towards Socialism/Communism.

3) Do you believe in the freedom to believe in what you want? Do you believe that everybody has the right to believe in what they want?

If you do, then you will lean towards Capitalism; the less you believe it, the more left you lean.

~

There are other questions you can ask yourself that would give you a general idea of what you like. You can also find information regarding each sides of beliefs mostly from political and historical sources. In the end, it depends on what you believe in.

You might be interested in
Who distributed land vassals in feudalistic japan
Kobotan [32]
.except the emperor was the ones <span>Who distributed land vassals in feudalistic japan</span> . But However it was controlled by the various Daimyo.
hope that helped!!
3 0
3 years ago
What important precedent was established in the decision delivered by Chief Justice Marshall in McCulloch v. Maryland? A. This d
Tomtit [17]
The correct answer is B. hope i am right 
3 0
3 years ago
Read 2 more answers
Who is angel Gavriil?
sp2606 [1]

Answer:

if you are talking about angel Gabriel.  Gabriel is described as the guardian angel of Israel, defending this people against the angels of the other nations.

Explanation:

5 0
3 years ago
British soldiers traveled to Lexington and Concord in search of... (select all that apply)
kumpel [21]

B. The writers of the Declaration of Independence

7 0
3 years ago
this means to approve and is what states must do to proposed constitutional amendments and the senate must do treaties just name
Andrej [43]

Answer:

The states must do to proposed constitutional amendments and the senate must do treaties is described below in details.

Explanation:

Proposed amendments must be approved by three-fourths of the states to take influence. Congress may establish a time deadline for state activity. The Constitution produces that an amendment may be recommended either by the Congress in both the  Senate and the House of Representatives or by a constitutional committee asked for by two-thirds of the State governments.

8 0
3 years ago
Other questions:
  • Which is most accurate statement about the Southeast Asian empires? Select one: a. They were all located on the subcontinent of
    9·2 answers
  • Why do people ask appellate courts to review their cases?
    10·2 answers
  • What motivated the European voyagers and colonists who undertook risky voyages in
    15·1 answer
  • In what way did the GL BIll contribute to the growth of professional and white collar jobs
    10·1 answer
  • The bombardment of what fort in April 1861 ignited the official Civil War
    15·2 answers
  • Describe the Vietcong
    13·2 answers
  • Cuba is called the Pearl of the
    5·1 answer
  • Question 5. Which claim is accurate about the areas on this map where Islam spread?​
    8·1 answer
  • What are the costs and benefits (pros and cons) of diamond mining in canada.
    6·1 answer
  • Some of the great Tang Dynasty achievements include_____.
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!