Neither Socialism, nor Communism can exist in a democratic system of government.

1 answer:

3 0

That statement is False.

Technically speaking, socialism and communism would affect mostly the economic system in the country, not the governmental system.

So, a country could elect their officials through the democratic election and those officials could formulate either capitalist, socialist, or communist economic system on the legislation.

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Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.

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