Differences between Communism, capatilism, socialism essay
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Capitalism and communism are different in their political and economic ideologies. Capitalism and Communism never go together. One of the major differences between capitalism and communism is with regard to the resources or the means of production.In Communism, the community or society solely owns the resources or the means of production. An economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state is called capitalism. On the other hand, a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole is known as the socialism.In capitalism, the individual’s right is the basic principal, whereas, in socialism, the equality among people is the basic principal. In capitalism, the maximum profits and incomes are for the investors or the individuals, whereas in socialism, the equal distribution of wealth among the people of the country.
Related Questions
Personal finance skills have the most significant impact on an individual’s
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Answer:
quality of life.
Explanation:
Financial skills are those skills that help to manage finances, maintain financial stability, etc. These skills are usually acquired by financial analyst, financial managers, accountants, etc.
Personal financial skills are the same, but having such personal skills helps one to maintain personal financial flow. It enhances ones quality of life. A person who aquires personal financial skills will be able to maintain the budget, will be able to know right things and ways to spend money on, will have low debts tensions, etc.
Thus the correct answer would be 'that the person will have a quality of life.'
Answer:
C: Quality of life
Explanation:
on edge2021! hope this helps!~ (*^▽^*)
Information is aggregated and organized data that is processed, summarized, tested, and visualized. True. False.
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The statement is false because information encompasses more than just aggregated and organized data that is processed, summarized, tested, and visualized.
While these activities are indeed part of the process of transforming data into information, information itself goes beyond these specific steps. Information refers to the outcome of analyzing and interpreting data, extracting meaningful insights, and providing context and understanding.
It involves a deeper level of comprehension and analysis, allowing individuals to make informed decisions based on the data's significance and implications. Simply aggregating, organizing, processing, summarizing, testing, and visualizing data is not sufficient to qualify it as information.
These actions are essential steps in the transformation process, but information also requires the integration of analysis and interpretation to give it purpose and value.
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siskiyou, inc. has total current assets of $1,200,000; total current liabilities of $500,000; long-term assets of $800,000; and long-term debt of $600,000. how much is the firm's total equity?
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The total equity of Siskiyou, inc. is $900,000.
What is total equity?Entire assets minus total liabilities equals equity. A company's balance sheet will contain all of these numbers.
The sum that investors put in a firm in return for stock, plus all future profits realized by the company, less all future dividends paid out, is referred to as total equity.
Total equity =( current assets + long term assets) - (long term debt + current liabilities)
= 2,000,000-(500,000+600,000)
= $900,000
Hence, The total equity of Siskiyou, inc. is $900,000.
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What is not a criterion when evaluating financial service providers?
A. financial service provider's history
B. benefits or lack thereof
C. past and current employees
D. emerging technologies
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That which is not a criterion when evaluating financial service providers is this: C. past and current employees.
What are the criteria for evaluating financial service providers?To successfully evaluate the qualification of a financial service provider, the customer must be able to look at their present and past history. They should consider their ability to incorporate emerging technologies into their businesses.
It is not really the business of the consumer to dig out the past and current employees of the business. He should be interested in other relevant factors like the above.
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After the adjusting entries have been completed, the adjusted balance in the supplies expense account represents the cost of supplies:______.
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After the adjusting entries have been completed, the adjusted balance in the supplies expense account represents the cost of supplies used during the accounting period.
An accounting period, which might be a week, month, or quarter in addition to a calendar or fiscal year, is a time frame that is used to perform specific accounting operations. The accrual method of accounting enables consistent reporting because accounting periods are formed for reporting and analysis reasons.
In bookkeeping, the time frame for which management accounts and financial statements are created is known as an accounting period. The accounting period in management accounting varies greatly and is chosen by management. Accounting periods are frequently monthly.
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Annoying isn't it. When people purposely answer your question when they know it's completely useless. Kinda like how I specifically told people NOT to answer the questions I asked because I was doing an experiment, and every time I did that, two people purposely answered my question when they were told not to.
People are d. i. c. k. s.
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Answer:
wow
Explanation:
I'm gonna type a random answer
Question 1 10 pts Firm A and Firm B are the only two firms in a market where price is determined by the inverse demand function: P = 126 - Q. Q is the sum of Firm A and Firm B's output, so Q = QA + qB Firm A's total cost function is given by TCA(9A) = 99A Firm B's total cost function is given by TCB(9B) = 4qB If these firms Cournot compete (simultaneously setting quantities), what will market output be when both firms are maximizing profits in equilibrium? (Note: The answer may not be a whole number, so round to the nearest hundredth) (Note: The numbers may change between questions, so read carefully)
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Solution:The inverse demand function is given byP = 126 - Q.
Given that total output of the two firms, Q = QA + QBThus, QB = Q - QAThe profit function of the Firm B isπB = (P - MC) * QBπB = (126 - Q - 4QB) * QBπB = 126QB - Q²B - 4QBBecause QA = Q - QBB is given byQ = QA + QBSolving for QA in terms of Q, we getQA = Q - QBSince the total cost function of the Firm A is given byTCA(QA) = 99AQ = QA + QBSince, we know that Q = 150, we getQA = 150 - QBB = QB = Q/2= 150/2 = 75QB = 75Profit of Firm B will be:πB = 126*75 - (150 - 75)² - 4*75*75πB = 10987.5Therefore, Market output (Q) = QA + QB= 150 - QB= 150 - 75= 75 unitsThus, market output will be 75 units.
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In Free to Choose, Milton Friedman makes the case that capitalism, i.e. free markets combined with governments that follow The Do Nothing Policy produce prosperity and freedom. In lecture, production possibilities frontiers were used to show the mechanism by which capitalism produces wealth, i.e. specialization according to comparative advantage and exchange.
The history of the 20th century is replete with examples of countries that have followed just such a policy of free market capitalism and experienced large increases in total and per capita wealth plus created stable peaceful political societies characterized by respect for individual rights and maximizing personal freedom, e.g. Japan, Taiwan, Korea, Singapore, and, until the communist Chinese takeover, Hong Kong. In the 20th century, countries that were already prosperous and free that continued choosing capitalist systems became more prosperous, e.g. the United States, Western Europe, Canada, and Australia.
A key feature of free markets is a level playing field where the rules apply to everyone whether they are rich, poor, powerful, or connected. The level playing field is sometimes referred to as the Rule of Law (ROL).
The ROL according to the Oxford English Dictionary is "The authority and influence of law in society, esp. when viewed as a constraint on individual and institutional behaviour; (hence) the principle whereby all members of a society (including those in government) are considered equally subject to publicly disclosed legal codes and processes."
The ROL can break down in two ways. First, rulers and their entourage can be held above and not be subject to the law or, second, immunity from the law can be bought. In either case, the ROL does not exist or, alternatively, that society has a corruption problem.
A conundrum of the “capitalism produces prosperity and freedom” policy are countries that have capitalist economies but haven’t produced much prosperity and are frequently but not exclusively characterized by bouts of politically based violence and oppressive abusive dictatorships, e.g. most middle eastern countries, most of South and Central America, Mexico, India, Russia, and until the last 20 years communist China.
In The Mystery of Capital, Hernando DeSoto addresses this conundrum and points out that adopting capitalism is required but not sufficient to produce U.S. and western European levels of prosperity and freedom. DeSoto argues that adopting capitalism isn’t enough. Countries have to choose a capitalist economic system, have ROL, plus do something else.
According to Hernando DeSoto, why are many 3rd world countries not getting rich even though they have ostensibly capitalist free market economies?
What is the something else these countries are missing?
Read Chapter 7, "Deng Perfects Socialism" and Chapter 5 'The Shanghai Gang" in The Party by Richard MacGregor.
In what sense and to what degree does Communist China meet DeSoto's requirement for a capitalist economy that will use free markets to create and equitably distribute wealth.
Does Communist China have a capitalist free market economic system where there is ROL and no corruption?
Explain with examples from The Party.
Requirements:
Your submission should be no less than 1000 words. Short papers will be penalized. There is no maximum length.
Proper grammar and effective use of English counts.
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1. According to DeSoto, 3rd world countries like South America, which have capitalist economies but are not getting rich due to political crises and dictatorships.
2. The author also argues that more efforts is needed than just adopting the capitalist regime, it is essential to develop the system through strategic actions that guarantee ROL, and economic growth measures.
3. China has a Communist party with capitalist characteristics, for example, with the opening of the Chinese market, which constituted a great and rapid development in the productive and industrial system of the country.
What is the capitalist system?It is an economic system whose focus is an accumulation of wealth and profitability through private property and the means of production. It is based on the free market with less state intervention.
Therefore, the author argues in favor of capitalism and its positive characteristics for the economy, politics and society as a whole.
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multiple answers
These statements are true regarding association with a headhunter or recruiter:
1)referring other hard workers is appreciated by headhunters and recruiters
2) headhunters and recruiters work for you
3) instead of burdening your headhunter or recruiter, you should save time and contact an employer directly
4) headhunters and recruiters work for the employer
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Headhunters and the recruiters both of them work for the employer of the company.
Option fourth is the correct answer.
Who is an employer?An employer is an individual who controls and manages the affairs of a company.
During the recruitment process, the recruiters hired individuals who are new to employment, that is, the freshers. In contrast, the headhunters hire those employees who already have an experience in the concerned field.
Therefore, the employer of the company is associated with both the headhunters and the recruiters.
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What is a tagline?
(Principles Of Business Management)
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Answer:
Explanation:
A tagline is a short phrase used in marketing campaigns of a business to sum up the value of a brand or its products and create a positive brand impression.
Enter your gross pay, taxes, and deductions below. Press calculate when you’re ready.
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Answer:
what are we supposed to be answering
how can work be structured so that it is performed effectively, and, at the same time, jobholders find the work personally rewarding and satisfying?
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Divisional structure can be structured so that it is performed effectively, and, at the same time, jobholders find the work personally rewarding and satisfying.
What is Divisional structure?In a divisional organization, employees are organized according to the product or service they provide rather than the job they perform. A large corporation like General Electric, for instance, has divisions dedicated to electronics, travel, and aircraft, each with its own team of accountants, marketers, and other professionals.
Functional structure refers to the division of similar jobs into distinct divisions. Jobs connected to one product are grouped under one department in a divisional organization. Formation. Its design centers on functionality. It is designed with the product's idea in mind.
Thus, it is Divisional structure.
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Sarah's dog had purebred puppies that she decided to sell on www.puppyfind.com. She ships them using an airline. If a puppy dies, to
whom is the carrier liable?
O It is liable to Sarah's enterprise, her sole proprietorship.
O It is liable to the third party, the buyer.
O It is liable to Sarah, the principal
O Both the first and second answers only.
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If a puppy dies, then the airline carrier is liable. The transportation provider is in charge of providing accommodations for the animals while on a trip.
The airline carrier is liable for the puppy's death. Since the airline carrier did not maintain the proper temperature in the cargo space, which they were supposed to do, they are the ones who are responsible for the death of the puppy.
Sarah, as the seller, is not liable as she fulfilled her responsibility by selling a healthy puppy. The buyer is also not liable for the puppy's death as they were not responsible for the transportation of the puppy. Therefore, the airline carrier is the party responsible for the puppy's death.
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Probably the full options are:
The airline carrier is liable.The buyer is liable.f the company's volume doubles, the company's total cost will Group of answer choices decrease. stay the same. double as well. increase but will not double.
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If the company's volume doubles, the company's total cost will increase but will not double.
What is total cost?This is the sum of all of the costs that are incurred in the production of output by the business firm.
It is made up of the variable cost and it is the total cost of production in economics.
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On July 1, Robles Metal Products had a beginning inventory of $505,700. During the quarter, goods costing $290,900 were manufactured. The inventory at the end of September was $485,300. During the quarter, Robles' net sales were $759,200. What was the cost of goods sold for the quarter? What was Robles's gross profit for the quarter?
Answers
Answer:
Instructions are below.
Explanation:
Giving the following information:
beginning inventory= $505,700
Cost of goods manufactured= $290,900
Ending inventory= $485,300
Net sales= $759,200.
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 505,700 + 290,900 - 485,300
COGS= $311,300
Now, we can determine the gross profit:
Gross profit= net sales - COGS
Gross profit= 759,200 - 311,300
Gross profit= 447,900
if you start at point a on d1, what is the percentage change in quantity demanded when price falls from $30 to $20? use the midpoint formula to calculate this percentage change.
Answers
The percentage change in quantity demanded when price falls from $30 to $20 starting at point a on d1 is 40%.
To calculate the percentage change in quantity demanded when price falls from $30 to $20, we can use the midpoint formula:
% change in quantity demanded = [(Q2 - Q1) / ((Q2 + Q1)/2)] x 100
where Q1 is the initial quantity demanded at price $30 and Q2 is the new quantity demanded at price $20.
Since we are starting at point a on d1, we can find Q1 by tracing a vertical line from point a on the demand curve to the quantity axis. Let's assume that Q1 is 80.
To find Q2, we can trace a vertical line from the new price of $20 on the horizontal axis to the demand curve, and then trace a horizontal line to the quantity axis. Let's assume that Q2 is 120.
Now we can plug in our values and calculate the percentage change:
% change in quantity demanded = [(120 - 80) / ((120 + 80)/2)] x 100
% change in quantity demanded = [(40 / 100)] x 100
% change in quantity demanded = 40%
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9. If you found that you were in financial trouble because of credit and had great difficulty paying your monthly bills, what would you do?
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Answer:
You would have to cut down on some luxuries, like lots of foods, amusement parks, shopping trips, etc. If you have have extra hours, work more hours, quite possibly take another job.
Explanation:
Which is the best description of how a scholarship differs from a federal education grant?
Federal grants are awards that don’t have to be repaid, but students must pay back any scholarships they receive.
Federal grants can be awarded for various reasons, but scholarships are always based on a student’s financial need.
Scholarships are awards that do not have to be repaid, but students must pay back any federal grants they receive.
Scholarships can be awarded for various reasons, but federal grants are usually based on a student’s financial need.
Answers
Grants and scholarships are supposed to be the first funding source for a higher education because they come with no interest rate or pay back stress that comes with other source of funding.
How a scholarship differs from a federal education grant?Correct option is D.
A federal grant is a trophy/award of assistance financially from a federal agency to a person to take out a purpose of support authorized by a law by the U.S.
The amount of federal grant money going to states has steadily increased since the 1960s.
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true or false Critical success factors are those things that your business must get right in order to succeed.
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The given statement "Critical success factors are those things that your business must get right in order to succeed" is true because Critical success factors (CSFs) are fundamental aspects or elements that are essential for a business to achieve its objectives and succeed in its industry.
They represent the core areas that a business must prioritize and excel in to outperform competitors and thrive in the market. CSFs can vary depending on the industry, market conditions, and the specific goals of the business.
Identifying and understanding the critical success factors allows businesses to align their strategies, resources, and efforts towards the key areas that will have the greatest impact on their success. By focusing on these critical areas, businesses can improve their performance, gain a competitive advantage, and increase the likelihood of achieving their desired outcomes.
Ignoring or neglecting the critical success factors can put a business at a disadvantage and hinder its ability to thrive in a competitive environment.
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Which type of distribution strategy involves stocking the product in as many outlets as possible?.
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The type of distribution strategy that involves stocking the product in as many outlets as possible is known as an intensive distribution strategy.
What is an intensive distribution strategy?Basically, an intensive distribution refers to a marketing strategy that involves making a company's products available to customers in as many places as possible. It often means selling the product in as many stores as you can.
Most of the companies that use an intensive distribution typically sell their products both in small, local shops and large national chains as this helps increase the chances of a customer finding the product when they need it, which might increase sales.
Also, the manufacturers use the intensive distribution strategy with products that need to be quickly replenished. The main advantages of this distribution method include money, product awareness, and impulse buying but the disadvantages include sales vary, low prices/low margins, and lack of retailer control.
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The Bretton Woods system came into being right after WWI
True
False
Answers
Answer:
False
Explanation:
It came into being in 1944 after world war II. This was created in a conference of all of the World War II Allied nations that took place in Bretton Woods, New Hampshire. The decision was taken to avoid trade wars between the nations.
Hence, the given statement is false.
Which of the following techniques helps a company learn more about its target market?
1. Market research
2. Publicity
3. Personal selling
4. Market segmentation
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Answer:
Market research
Explanation:
Which economic principle is related to supply and demand?
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The economic principle which is related to supply and demand is known as the scarcity principle.
What is a scarcity principle?The scarcity principle is a price link between dynamic supply and demand that is explained by economic theory. The scarcity principle states that the price of an item with a low supply and strong demand rises to meet the predicted demand.
Marketers frequently employ the notion to create fake scarcity and exclusivity for a certain product or good in order to drive demand for it. The scarcity principle states that the price of a scarce commodity should grow until an equilibrium between supply and demand is attained. However, this would result in the good being restricted to those who can buy it.
Therefore, scarcity principle is related to supply and demand.
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how many credits do you need to be a sophomore in college
Answers
Answer:Sophomores have at least 28 credit but less than 60
Explanation:
Answer: Sophomore status begins when 30 credits have been earned.
Explanation:
If the demand curve shifted more to the right on this graph, which of the following could be the new equilibrium point?
Answers
Answer:
$200
Explanation:
What is a documented benefit of stretching other than increasing flexibility?A) It can increase strength.B) It can reduce the risk of heart disease.C) It can relieve muscle spasms or cramping.D) It can increase cardiovascular endurance.
Answers
A documented benefit of stretching, other than increasing flexibility, is that it can relieve muscle spasms or cramping. Stretching can help to release tension in muscles, which can reduce the likelihood of muscle spasms and cramps. It can also improve circulation, which can help to reduce muscle soreness and stiffness.
While stretching can help to improve strength, and cardiovascular endurance, and reduce the risk of heart disease, these benefits are not as well documented as the relief of muscle spasms and cramping. Therefore, if you are looking to alleviate muscle tension or discomfort, incorporating stretching into your daily routine can be a beneficial practice.
It is important to consult with a healthcare professional before beginning any new exercise program to ensure that it is safe and appropriate for your individual needs.
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please help this is for economics
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Answer: its not clear
Explanation:
do u mind send or uploading it again?
What is meant by Quota (darbandi)
Answers
Answer: A quota is a government-imposed trade restriction that limits the number or monetary value of goods that a country can import or export during a particular period. Countries use quotas in international trade to help regulate the volume of trade between them and other countries.
Explanation:
A quota is a government-imposed trade restriction that limits the number or monetary value of goods that a country can import or export during a particular period. Countries use quotas in international trade to help regulate the volume of trade between them and other countries.
What is a quota in international trade?quota, in international trade, a government-imposed limit on the quantity, or in exceptional cases the value, of the goods or services that may be exported or imported over a specified period of time.
What are quota and their types?The Tariff Quota:
Under this system, the import of a commodity up to a specified quantity is allowed to be imported duty-free or at a special low rate of duty. But imports in excess of this fixed limit are charged a higher rate of duty. The tariff quota thus combines the features of a tariff with those of a quota.
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A corporation reported the following during 2018: Net income $175,250 Sale of 10,000 shares of $5 par value common stock for $8. 75 per share A repurchase of shares as treasury stock, costing $24,750 A resale of treasury stock for $14,695; the shares cost $15,500 when repurchased. A declaration and distribution of a $39,000 cash dividend A declaration and distribution of a "small" stock dividend of 5,000 shares of $5 par value common stock at a total market value of $50,000. What was the increase in owners' equity during 2018?
Answers
$213,695 was the increase in owners' equity during 2018.
Equity is ownership of assets that may have debts or other liabilities attached to them in finance. Accounting equity is calculated by subtracting liabilities from the value of assets.
The amount of capital invested or owned by a company's owner is referred to as equity. The difference between a company's liabilities and assets on its balance sheet is used to calculate equity. The value of equity is determined by the current share price or a value set by valuation professionals or investors.
The most common types of equity compensation are incentive stock options (ISOs), non-qualified stock options (NSOs), restricted stock or restricted stock units (RSUs), and employee stock purchase plans.
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Which of the following is a fundamental category of business intelligence (BI) analysis?
A) data acquisition
B) data mining
C) push publishing
D) pull publishing
Answers
One fundamental subset of business intelligence (BI) analysis is data mining.
What are the fundamental types of BI analysis in business intelligence?There are three main types of BI analysis, each catering to a wide range of requirements and applications. Prescriptive analytics, descriptive analytics, and predictive analytics are the three types. For the purpose of planning, predictive analytics uses historical and current data to model future outcomes.
Is data mining a component of business intelligence?While Data Mining looks for patterns in data, Business Intelligence is driven by data. While Business Intelligence aids in decision-making, Data Mining will address a specific problem and aid in decision-making. Business intelligence requires a lot of data, whereas data mining only requires a small amount.
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