asked 132k views
2 votes
Which economic system has become associated with authoritarian governments and total control of the economy?

capitalism
mercantilism
communism
socialism
barter

asked
User Shekwi
by
8.6k points

2 Answers

4 votes

Answer:

Mercantilism and barter are better described as historical economic systems, and in the past the governments and the kings/queens generally kept a closer control of the country, so let's not consider those options.

Now, we have: capitalism, communism, socialism.

Capitalism leaves the capital and the economic decisions in the hands of the private people, not the government. Socialism means a common possession of the means of production, but not by the govrenments, rather by the people, as is often seen as a milder form of communism.

Communism on the other hand is associated with authoritarian governments. Some example were the Soviet Union, and currently, North Korea and Cuba.

Step-by-step explanation:

answered
User Meepzh
by
8.6k points
4 votes
Mercantilism and barter are better described as historical economic systems, and in the past the governments and the kings/queens generally kept a closer control of the country, so let's not consider those options.

Now, we have: capitalism, communism, socialism.

Capitalism leaves the capital and the economic decisions in the hands of the private people, not the government. Socialism means a common possession of the means of production, but not by the govrenments, rather by the people, as is often seen as a milder form of communism.

Communism on the other hand is associated with authoritarian governments. Some example were the Soviet Union, and currently, North Korea and Cuba.
answered
User Sunil Pachlangia
by
8.5k points
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