Social Sciences
8 years ago

Public vs. Private: Unveiling the True Face of Socialist Economies

Journal of Yiyang Teachers College
Socialist Economy and Socialist Market Econamy
HE Yao-ming

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The article discusses the differences between a socialist economy and a socialist market economy. It explains that while both are related to socialism, they are not the same. A socialist economy is based on public ownership, excluding non-public ownership, while a socialist market economy involves both public and non-public ownership.