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21 September, 20:55

Which of these economic systems is based on a "command" economy, as opposed to a "free market" economy? ITS NOT B

Marxism

democracy

capitalism

utopianism

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Answers (1)
  1. 21 September, 22:22
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    Marxism

    Explanation:

    Marxist theories gave way to state planned economies, that is a command economy under the premise that the working class should control the means of production and also states that the intevention in the market is necessary for the well being of society.

    According to the principles that were developed by sucessors of Marx a school of socio political and economic paradigm emerged. The main ideas come from the work The capital, in which the economic system is described and a criticism is done that suggest free market in capitalist systems would constantly suffer from crisis and cycle that would make it eventually collapse.

    Neomarxists today still sustain the basic premises of this system of tought and seek some ways in which state intervention can take place under modern circumstances and taking into account factors given in an international system where still the state is the main actor in the relationships.
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