Socialism is a part of the modern economic system. Europe, American, Canada are some examples.
Extreme socialism, in a big country, is almost extinct. In Cuba there is some free market, but very limited. China is going in a capitalist direction, but in a very repressive government. North Korea is more a totalitarian system than a socialistic one.
The closest thing that exist to a pure socialist system is some auto-sufficient towns. Where they consume what they produce and they divide everything between the town.
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The Mayans economic system was a 'world-system'. World-system means a socioeconomic system, one encompassing part of or the entirety of the globe.
Just different versions of capitalism, with varying degrees of state interference.
US UK Canada Japan Sweden Columbia All first world countries have a developed capitalist economic system. Most are conidered mixed capitalist, meaning a mix of free market and command capitalism. Many third world countries have undeveloped capitalist systems and some also have mixed capitalist and socialist as in several Middle East countries such as Saudi Arabia were heavy oil production is state owned but with also allowing private enterprise and property.
all third world countries are example of economic imperialism and globalization there aren't any better industries in these countries,all they can do is to be a slave for the developed world by offering cheap labour.
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A market
I've been doing this in society and environment at the momentsome are;Ethiopia.Uganda.Most traditonal economic system countries are living in third world conditions
economic status of the countries who belong in first world country
While there is no country that is purely socialist, there are several that come very close. Sweden is probably the best example of a socialist country in the world.
Two countries that operate under a form of democratic socialism are Sweden and Denmark. They have mixed economies that combine elements of capitalism with a strong welfare state, including universal healthcare, free education, and social safety nets. Both countries prioritize social equality and high standards of living for all citizens.
economic world today is just like a barter system.
Many third world countries or developing countries have a traditional economy.
The Mayans economic system was a 'world-system'. World-system means a socioeconomic system, one encompassing part of or the entirety of the globe.
The Mayans economic system was a 'world-system'. World-system means a socioeconomic system, one encompassing part of or the entirety of the globe.
Some common types of social systems in the world include democracy, communism, socialism, capitalism, and feudalism. These systems shape how political power, economic resources, and social relationships are structured within a society.
None. Socialism (a classless stateless society based on production for use and democratic control) will have to be a worldwide system, as production and distribution under capitalism are already global. Socialism will have no countries or borders or passports.