POLITICAL ECONOMY OF DEVELOPMENT PROGRAMME : B.A. DEVELOPMENT STUDIES LECTURER : T. M. C. MAMBWE SEMESTER : ONE (1) ASSIGNMENT : ONE (1) ASSIGNMENT QUESTION : IDENTIFY AND CRITICALLY ANALYZE THE MAJOR DISTINGUISHING FEATURES OF THESE SYSTEMS. ADDRESS : ALEXINA MUNDIA‚ P.O. BOX 260024‚ LUFWANYAMA. CELL : 0966 706632/0973866694 EMAIL : alexinamundia@gmail.com This essay to discuss the main distinguishing features between capitalism and socialism as social and economic systems
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Socialism Over Capitalism The 19th century was a time when the majority of the population was working in decrepit factories earning almost nothing due to no minimum wage laws and lived in poor health due to lack of worker’s protection. Due to this‚ socialist thinkers and proponents like Marx and Bakunin were relevant and their ideals thrived. But in today’s world‚ low-income earners in the Third World are able to afford basic luxuries such as televisions and cell phones. Therefore‚ the socialist
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Socialism and Capitalism were two of the largest economic systems in Europe. They emerged from 1750 to 1914 and are still relevant ideas today. These economic systems were largely a response to the industrial revolution‚ changing countries politically and economically. Countries would implement the ideas of either socialism or capitalism based on preference and perspective because the ideas each have their own benefits and problems. Socialism is the economical idea where the government controls
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Different social systems are built on different sets of values and perceptions of the world. Political science offers some means of comparison between capitalism and socialism and the various ways‚ in which the two ideologies are applied around the world (for some practical implementations of the two systems of government deviate substantially from their theoretical foundations). History offers insight into societies that have adhered to both ideologies with various degree of success and allows one
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Socialism refers to an economic system characterised by social ownership of the means of production and co-operative management of the economy.[1] "Social ownership" may refer to cooperative enterprises‚ common ownership‚ state ownership‚ or citizen ownership of equity.[2] There are many varieties of socialism and there is no single definition encapsulating all of them.[3] They differ in the type of social ownership they advocate‚ the degree to which they rely on markets or planning‚ how management
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I think capitalism is good for the poor compared to other systems such as communism and socialism . Because it’s a system that helps the wealthy and the poor at the same time . Capitalism helps everyone make money in a way ‚ it lets wealthy people create jobs for the poor using programs . Mainly because it’s a market based economy that is joined with corporate or like some that are private ownership of production that allow services to produce and make profit . Which helps with economic growth because
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CHAPTER 3 1. A fundamental component of the IS infrastructure is the ____________‚ that is‚ the computers that run the applications and databases necessary for processing transactions or analyzing business data. Hardware 2. With respect to the five general classes of computer‚_________ are typically used for mission critical applications‚ such as transaction processing. Mainframes 3. Which of the following is a difference between a server and a workstation? A workstation is typically used by one
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Socialism vs. Capitalism Samantha Conti University of Phoenix Comm. /105 –January 12‚ 2008 The disadvantages of Communism are that people have to be willing to work for the greater good of society‚ not just themselves. They will not receive all the fruits of their labor‚ no matter hoe much you work you will always get the same salary. Why would you want to work so hard if you were going to make the same amount of money? Human rights abuses‚ lack of incentives for progress for individuals which
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COMPREHENSIVE PROBLEM 3 SPRINGDALE RETAIL‚ INC. a. Springdale Retail‚ Inc. Income Statement For the Year Ended December 31‚ 2015 Sales Less: Sales returns and allowances Net Sales Cost of goods sold Gross profit Operating expenses: Salaries Rent Expense Utilities expense Depreciation expense: office equipment Insurance expense Office supplies expense Income before income taxes Income tax expense Net income $ $ 88‚095 6‚100 4‚120 2‚750 900 520 $ $ 226‚000 2‚500 223‚500 100‚575 122‚925 102‚485
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Chapter 3 3.1 Statement of Asssumptions The following assumptions were considered while conducting the research: 1. That the school will have an automated enrollment system 2. That the system will be secured and fast. 3. The system will have be reliable in storing and organizing data. 4. The system will have accurate result/queries. 3.2 Operational Definition 3.2.1 Definition of terms System - s a set of interacting or interdependent components forming an integrated whole
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