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प्रश्न
Describe the differences or dissimilarities between Capitalism and Socialism under the following heading:
Profit Maximisation versus Social Cohesion
उत्तर
Profit maximisation is the main motive for an industrialist. Under a Socialist economy even such things shall be produced, for the benefit of the poor and the needy, whose production costs more and yields lesser gains or no gains at all. The State, through Fair Price Shops, sells goods even at a loss, e., a) a price which is less than it costs to produce some of the goods.
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संबंधित प्रश्न
What is meant by the Industrial Revolution?
What is a Capitalist system?
Mention any two differences between Capitalism and Socialism.
Mention any two ideals of a Welfare State.
Industrial Revolution in England may be attributed to many factors. What was the role of the following factor:
A vast Overseas Market
Industrial Revolution and the Capitalist mode of production might have been helpful in some ways, it also caused problems in other ways. Discuss its disadvantages under the following head:
Urbanisation and Increase in Slums
Socialism emerged as a reaction to Capitalism. In this context answer the following question:
What were the main Ideas of Marx and Engels?
What is Capitalism?
With reference to the rise of Capitalism, answer the following question:
What was the cause of the rise of Capitalism?
With reference to Capitalism and Socialism, state the following:
Difference between Capitalism and Socialism in terms of control means of production.
