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Market socialism is a type of economic system involving the public, cooperative or social ownership of the means of production in the framework of a market
economy.
Market socialism differs from non-
market socialism in that the market mechanism is utilized for the allocation of capital goods and the means of production. Depending on the specific model of
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Principles of Economics Lecture Notes. Objective this lecture note is to provide students with a basic understanding of how people make decisions, how people interact, and how the
economy as a whole works, in order to provide students with a framework for viewing and interpreting the … Criticism of
socialism refers to any critique of socialist models of economic organization and their feasibility as well as the
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