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Socialism Addition to Economies

Socialism Addition to Economies. What Changes our Capitalism into Socialism?. Economic system mixed with government involvement/regulation U.S. Postal Service Amtrack Medicare, Medicaid AFDC Social Security Unemployment Compensation FTC EPA BRINGS US TO A MIXED CAPITALIST SYSTEM.

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Socialism Addition to Economies

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  1. Socialism Addition to Economies

  2. What Changes our Capitalism into Socialism? Economic system mixed with government involvement/regulation • U.S. Postal Service • Amtrack • Medicare, Medicaid • AFDC • Social Security • Unemployment Compensation • FTC • EPA BRINGS US TO A MIXED CAPITALIST SYSTEM

  3. What is SOCIALISM? • State ownership of means for producing goods and services. • A Socialist economy has 3 basic characteristics: 1.State owns major factors of production 2.Central planners determine many of the three basic questions 3.There is an attempt to distribute income equally. As in all 3 basic economies… socialism is determined by degrees…explain!

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