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 What type of economic system does socialism advocate?

Answer According to Kobe University's information on the collapse of the socialist economic system, the socialist ideology favored the use of a centrally controlled, or socialist economic system that domi... Read More »
http://www.answerbag.com/q_view/1950519

Top Q&A For: What type of economic system does socialism adv...

What type of economic system does Kuwait have?

Kuwait has a free-market economy. As of 2010, Kuwait does not tax personal income or domestic businesses. The main tax is a 15 percent tax on foreign-owned firms. As of 2010, half of Kuwait's gross... Read More »
http://www.answerbag.com/q_view/2034311

What type of economic system does Ecuador have?

Ecuador has a capitalistic, service-based economy with about 60 percent of the country's gross domestic product (GDP) coming from services, according to the CIA. The petroleum reserves found in the... Read More »
http://www.answerbag.com/q_view/2246115

What type of economic system does Kenya have?

Kenya's economy is market-based. The U.S. State Department estimates gross domestic product (GDP) for 2008 at $30 billion. Of that, 59.5 percent was from services, 16.7 percent from industry and co... Read More »
http://www.answerbag.com/q_view/2035635

What type of economic system is used in Australia?

The economic system in Australia is free market capitalism with relatively little government interference. The main elements of their economy are manufacturing, trade, service and finance. The name... Read More »
http://www.answerbag.com/q_view/2239665


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