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: -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-2: -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-3: -COMMUNISM: You have two cows. The government takes both and gives you the milk. SOCIALISM: You have two cows. The government takes one to give to someone else.
Detailed explanation-4: -Socialism: You have two cows. Give one cow to your neighbor. Communism: You have two cows. Give both cows to the government, and they may give you some of the milk.