ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Communism
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Capitalism
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Socialism
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None of the above
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Detailed explanation-1: -Communism: If you have two cows, you give them to the Government and the Government then gives you some milk. Fascism: If you have two cows, you keep the cows and give the milk to the Government; then the government sells you some milk.
Detailed explanation-2: -Communism: You have two cows. The government takes both and gives you the milk it thinks you need. Fascism: You have two cows. The government takes both and sells you the milk. Nazism: You have two cows.
Detailed explanation-3: -TRADITIONAL CAPITALISM; You have two cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income.
Detailed explanation-4: -BUREAUCRACY: You have two cows. At first the government regulates what you can feed them and when you can milk them. Then it pays you not to milk them. After that it takes both, shoots one, milks the other and pours the milk down the drain.