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That's easy. (Pretty sure I was on the receiving end of this explanation when I was a 10 year old, I'll just rephrase it in Western terms and put in some numbers.) Imagine a factory that makes shoes. There are 90 workers, 9 managers and 1 owner. F...


Socialism is the common rule and essential feature of the practice, and Chinese characteristics are what the basic principles of socialism really represent in China. And the scientific socialism theory is raised by Deng Xiaoping, the chief designer of opening up and economic reform in China. 1.


Capitalism, Socialism & Communism : Introduction April 19, 2013 - Decoded , Economics and Business , Miscellaneous , Politics & Administration - Tagged: critiques of socialism and capitalism , difference between socialism and capitalism , pros and cons of communism & socialism , simple explanation of socialism and capitalism , what is ...


Socialism is a form of economy. You could look at it like this: Socialism <-----> Capitalism (laize faire) e.g The US's economy is ~29% Socialism, or you could say 29% of the average American salary goes to government in order to be redistributed back into the market to strengthen it


What Socialism Is and Is Not, For Dummies. Just a few quick and simple reminders here, folks. Feel free to refer to this whenever you see anybody from the United States using any of these terms on TV or the Internet, today, and laugh your ass off, every time!


Could someone explain simply socialism and capitalism? I understand communism its just i keep reading different definitions of socialism and capitalism and don't know who is right. Some are saying that socialism is an extremist form of communism and some say socialism is nothing like communism.


Socialism Explained Simply. July 3, 2009 TrustOnlyMulder. ... That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer. The professor then said, “OK, we will have an experiment in this class on socialism. All grades would be averaged and everyone would receive the same grade so no ...


What Is The Definition Of Ocialism Communism And Socialism let’s get started, first, I’ll read this out to you about the socialist journal, the…


Socialism is an economic system where everyone in society equally owns the factors of production.The ownership is acquired through a democratically elected government. It could also be a cooperative or a public corporation where everyone owns shares.