Socialist Economy:
In a socialist economy, the means of manufacture are owned and functioned by the State. Each decision concerning production and distribution are taken by the central planning authority. Therefore the socialist economy is also termed as planned economy or command economy. The government plays a vigorous role. Social welfare is given significance; therefore equivalent opportunity is given to all. All such benefits have delivered high level of human development. A few of the most successful socialist economies are Cuba, China, Vietnam and North Korea. The following are the fundamental characteristic features of socialism.1. Social Welfare Motive:
In socialist economies, social or combined welfare will be the major motive. Unlike capitalism, profit will not be the goal of policy making. The decisions will be taken maintaining the maximum welfare of the people in mind. Therefore social well-being of people will be the reason of development.2. Limited Right to Private Property:
The right to private property is restricted. Every properties of the country will be owned by the State. That is, the ownership is communal in nature. Therefore no individual can accumulate too much property as in the situation of capitalism.3. Central Planning:
Most economic policy decisions will be acquired by a centralized planning authority. Each sector of the economy will be directed by fine designed planning. 4. No Market Forces:
In a centralized planned system of development, the market forces merely have a restricted role to play. Production, commodity & factor prices, consumption and distribution will be managed by development planning with well-being motive.
Latest technology based Economics Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Basic Economic Problems help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Basic Economic Problems, project ideas and tutorials. We provide email based Basic Economic Problems help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Basic Economic Problems. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Basic Economic Problems. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
Alkanes tutorial all along with the key concepts of A Source of Alkanes, Composition, Fractionation of Petroleum, Synthetic petroleum, Bergius process, Fischer-tropsch process, Octane number, Cetane number, Physical properties, Spectral properties
Acid-Base Titration tutorial all along with the key concepts of Classification of Solvents, Monitoring pH changes, Titration of Strong Acid against Strong Bases, Titration of weak Acids against Strong Bases, Detecting the End Point with Indicator
Check the insulation resistance among the body and the commutator or segments through a 500V Megger, for armatures rated up to 250 volts.
tutorsglobe.com classification of hypersensitivity reactions assignment help-homework help by online hypersensitivity reactions tutors
online ap exam preparation course and online ap tutoring package offered by TutorsGlobe are the most comprehensive and customized collection of study resources on the web, offering best collection of ap practice papers, quizzes, ap test papers, and guidance.
Estimation and hypothesis testing Statistical Hypothesis, Null and Alternative Hypothesis, level of Confidence and Steps in Hypothesis Testing
tutorsglobe.com endocytosis and exocytosis assignment help-homework help by online cell membrane tutors
A plastic in a very broad sense is defined like any non-metallic material which can be moulded to shape.
picture is not in centre; sound ok, pincushion effect, barrel shaped picture, neck shadow, tilted picture, picture bend in corners, a bright spot in the centre of the screen, total sync. loss, no raster (or) no light on the screen; sound ok, insufficient brightness (or) dark picture.
tutorsglobe.com galactosemia assignment help-homework help by online inborn errors of metabolism tutors
Importance of Fungi tutorial all along with the key concepts of Wine Production, Beer Production, Bread Production, Fungi as a source of protein and discovery of Antibiotics
tutorsglobe.com purification of lead assignment help-homework help by online lead tutors
Polarimetry tutorial all along with the key concepts of Basic Principle of Polarimetry, Mode of Operation of a Polarimeter, Instrumentation, Uses of Polarimeter
www.tutorsglobe.com offers conformational isomers homework help, conformational isomers assignment help, online tutoring assistance, organic chemistry solutions by online qualified tutor's help.
universal serial bus is abbreviated as usb is a specification to establish communication among devices and a host controller (generally personal computers), developed and invented through ajay bhatt when working for intel.
1938190
Questions Asked
3689
Tutors
1448880
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!