Answer: 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.
Explanation: The advantages of capitalism include: Consumer choice - Individuals choose what to consume, and this choice leads to more competition and better products and services. Efficiency of economics - Goods and services produced based on demand create incentives to cut costs and avoid waste. The fundamental difference between capitalism and socialism is the ownership and control of the means of production. In a capitalist economy, property and businesses are owned and controlled by individuals. In a socialist economy, the state owns and manages the vital means of production.
Many members of the Democrats would go on to become members of the Liberal Republic party. Liberal Republicans were of the notion that the President and his administration at the time were corrupt. These Liberal Republicans were of the notion that the Reconstruction goals of stopping slavery and also destroying Confederate nationalism had been achieved already. This brought about the unity of Liberal Republicans and democrats in a bid to ensure that America does the right thing on every angle.
A group that accepts the major values, norms and practices of the larger society is a subculture sociologists refer to as a
counterculture is a FALSE statement.
<u>Explanation:
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When a smaller group amalgamates with a larger group and accepts the nuances of the culture followed by the larger group, it eventually blends with the larger group automatically and becomes one with it.
Though the larger group is dominant in a culture that has accepted the mixing up of smaller groups with itself, the bonding between the two groups is often seen to be harmonious.
