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Andrews [41]
3 years ago
11

What do socialism and communism have in common? Economics

Business
2 answers:
dedylja [7]3 years ago
8 0

Answer:

Both socialism and communism are essentially economic philosophies advocating public rather than private ownership, especially of the means of production, distribution and exchange of goods (i.e., making money) in a society.

elena-14-01-66 [18.8K]3 years ago
4 0

Answer:

Both socialism and communism are essentially economic philosophies advocating public rather than private ownership, especially of the means of production, distribution and exchange of goods (i.e., making money) in a society.

Explanation:

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What are the benefits of preparing a business plan?​
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Explanation:

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Symbolic interactionists believe that the social value of the elderly in america ________ when the economy shifted being agricul
tekilochka [14]
<span>Symbolic interactionists believe that the social value of the elderly in America decreased when the economy shifted being agricultural to industrial. 
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3 years ago
What is the space between the buyer’s reservation price and the seller’s reservation price called?
dimulka [17.4K]

The space between the buyer’s reservation price and the seller’s reservation price is  called the Total surplus.

What is reservation price for buyer?

A reserve price or reservation price is a word frequently used in auctions and refers to the lowest amount a seller will accept as a successful bid. An alternate, less well-known definition is the highest price a customer will pay for a good or service.

What is producers reservation price?

The minimal price that buyers and sellers are ready to accept in order to buy or sell a good is known as the reservation price. It is the highest price a potential buyer or consumer is willing to pay for a good; for a seller or producer, it is the lowest price they are willing to accept.

Learn more about reservation price: brainly.com/question/13215058

#SPJ4

3 0
2 years ago
What are stocks? Sorry it’s so simple but I was hoping I could get a good answer.
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Hope that answers
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