What Is Market Socialism?

1.	What Is Market Socialism?
Answer» Market socialism is characterized primarily by the public ownership of the means of production. DECISIONS with reference to the allocation of resources are made both collectively and by individual producing and consuming units. Prices and MARKETS are the primary mechanisms USED to facilitate the exchange of PRODUCTS. The Yugoslav ECONOMY contains many of the elements of market socialism. Market socialism is characterized primarily by the public ownership of the means of production. Decisions with reference to the allocation of resources are made both collectively and by individual producing and consuming units. Prices and markets are the primary mechanisms used to facilitate the exchange of products. The Yugoslav economy contains many of the elements of market socialism.

Answer»

Market socialism is characterized primarily by the public ownership of the means of production. DECISIONS with reference to the allocation of resources are made both collectively and by individual producing and consuming units. Prices and MARKETS are the primary mechanisms USED to facilitate the exchange of PRODUCTS. The Yugoslav ECONOMY contains many of the elements of market socialism.

Market socialism is characterized primarily by the public ownership of the means of production. Decisions with reference to the allocation of resources are made both collectively and by individual producing and consuming units. Prices and markets are the primary mechanisms used to facilitate the exchange of products. The Yugoslav economy contains many of the elements of market socialism.

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