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The idea of market socialism arose from the realization that classical socialism, involving the collective provision and distribution of goods and services in natural form, without the social contrivances of property, markets, and prices, was not http://www.answers.com/topic/feasible, since rational collective control of economic activity requires calculations that cannot rely consistently on "natural unit" variables such as energy or labor amounts. It also became clear that the existing computing capabilities were inadequate for deriving a consistent economic plan from a general equilibrium problem. This led, in the Socialist Calculation Debate of the 1930s, to the suggestion (most notably by Oskar Lange) that a Socialist regime, assuming ownership of all means of production, could use markets to find relevant consumers' prices and valuations while maintaining social and state control over production, income determination, investment, and economic development. Managers would be instructed to minimize costs, while the planning board would adjust producers' prices to eliminate disequilibria in the markets for final goods. Thus, at a socialist market equilibrium, the classical marginal conditions of static efficiency would be maintained, while the State would ensure http://www.answers.com/topic/equitable-distribution-1 of incomes through its allocation of the surplus (profit) from efficient production and investment in socially desirable planned development.
In a socialist economy, equilibrium refers to the balance between supply and demand for goods and services. Economies of scale in a socialist economy occur when the average cost of production decreases as output increases due to factors like specialization and efficient use of resources. Achieving equilibrium and economies of scale are important for ensuring efficient resource allocation and maximizing welfare in a socialist economy.
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What is a multi national corperation?
A multinational corporation is a company that operates in multiple countries and has a centralized management system overseeing its global operations. These companies typically have assets, subsidiaries, and sales in more than one country, allowing them to leverage economies of scale and access a larger market. They play a significant role in the global economy.
What is the Difference between micro level and the Marco level?
Micro level refers to individual or small-scale analysis, focusing on specific units like individuals or households. Macro level, on the other hand, looks at broader phenomena like entire populations or economies. Micro level examines details and interactions, while macro level explores overarching trends and patterns.
What are the benefits in regional integration to the Caribbean?
Regional integration in the Caribbean can lead to increased economic growth through improved trade opportunities and economies of scale. It can also enhance political cooperation and stability among member countries, as well as facilitate the sharing of resources and knowledge to address common challenges such as climate change and natural disasters. Additionally, regional integration can strengthen the region's voice in global affairs and negotiations.
How did farmers coorperatives help individual farmers?
Farmers cooperatives helped individual farmers by allowing them to pool their resources, share equipment, and access markets more efficiently. By working together, farmers could benefit from economies of scale, negotiate better prices for their products, and have more bargaining power with suppliers. Additionally, cooperatives provided a support network and allowed farmers to learn from each other, improving their overall farming practices.
What is the difference between a cottage industry and a small-scale industry?
A cottage industry typically involves individuals working from their homes, producing goods on a small scale. In contrast, a small-scale industry involves a small business entity that operates on a slightly larger scale than a cottage industry, often employing a small number of people and having a formal workspace.
Equilibrium and economies scale in market economy?
Equilibrium and economies scale in market economy
What is internal economy of scale?
The difference between internal economy of scale and external economy of scale is that internal economies of scale come from within the business ; external economies come from or affect the world outside the business.
Of what significance is economies of scale in planning the establishment of commercial enterprise?
OF WHAT SIGNIFICANCE IS ECONOMIES OF SCALE IN THE ESTABLISHMENT OF COMMERCIAL ENTERPRISE?. economies of scale
What is the economies of scale?
Internal economies of scale arise when the cost per unit
Define economies of scale How does this relate to returns to scale Cite and briefly discuss the main determinants of economies of scale?
Cite and briefly discuss the main determinants of economies of scale.
What does the writer mean by diseconomies of sale?
Not profiting from economies of scale, because there are no economies of scale. That is meant by diseconomies of scale.
What are the sources of economies of scale?
The economies of scale attainable from large scale production fall into two categories. Internal and External.
What is the importance of economies of scale?
no
Do multibank holding companies have economies of scale?
Another important advantage that MBHCs have over individual banks is economies of scale
Write short notes on economies of scale and diseconomoies of scale?
Economies of scale refers to the increase in the firm's output in relation to a lesser application of factors/inputs which happen in the long run.
Implication of economies of scale?
any one??
What has the author A L Levine written?
A. L. Levine has written: 'The provision of price guidelines' -- subject(s): Government policy, Mathematical models, Price regulation, Prices 'Increasing returns, competitive equilibrium and the enigma that was Alfred Marshall' -- subject(s): Economies of scale, Equilibrium (Economics)
