What is state capitalism?
Q: What is state capitalism?
A: State capitalism is an economic system where the state government controls most or all steps of making a product.
Q: What is capitalism?
A: Capitalism is an economic system calling for the private ownership of factories and everything needed to make a product, known as the "means of production."
Q: What does "private ownership" mean in free-market capitalism?
A: In free-market capitalism, "private ownership" means that one or a few private owners who own a business have control over the means of production, even though the workers are the people who make the products.
Q: Who controls the means of production in state capitalism?
A: In state capitalism, the state government controls most or all steps of making a product, including the means of production.
Q: What does free-market capitalism call for?
A: Free-market capitalism calls for private ownership of factories and everything needed to make a product, with individual owners having control over the means of production.
Q: How does state capitalism differ from free-market capitalism?
A: State capitalism differs from free-market capitalism in that the state government controls most or all steps of making a product, while free-market capitalism calls for private ownership of the means of production.
Q: Who makes the products in free-market capitalism?
A: In free-market capitalism, the workers are the ones who make the products, although the means of production are owned and controlled by private owners.
