Socialism is an economic idea that states the government or state should be in charge of economic planning, production, and distribution of goods. In other words, the businesses are owned by the citizenry and government, rather than by individuals. ... In Socialism, competition is not prevalent, seeing as there is no one to compete with, the government being the sole owners of any businesses. ... However, all but North Korea and Cuba are undergoing drastic political and economic reform. ... This can also be defined as "free enterprise" in which the government does not interfere in bus...

• Word Count: 538
• Approx Pages: 2
• Has Bibliography
• Grade Level: Undergraduate

The rest of them are Cuba, North Korea, Vietnam, and Laos. ... The government allocated goods and resources and determines prices. ... Some of them are retired from an important government position, so they have many personal relationships with the government organizations. ... Besides, government leaders change due to the period or tenure of the position. ... Although China has reform its economy for 30 years, communistic government may suddenly announce some new policies for protecting government's benefits but against the rules in capitalist free market. ...

• Word Count: 700
• Approx Pages: 3
• Has Bibliography
• Grade Level: Undergraduate

Communism have existed in many countries of the world such as Italy, East Germany, France, the Union Soviet, China, Cuba, Hungary, Czechoslovakia, Bulgaria, North Korea, Poland, Romania, and Vietnam. ... On October 1944 the Communists were able to form a strong government headed.. ... Another interesting fact is that during the Communist period all communications media in Albania were closely controlled by the government. ...

• Word Count: 1358
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate

A certain role in the development of the situation in this area has played and the position occupied by formally independent (from the USSR), the governments of Eastern European countries. ... One result of the war was the US economic leap, predefined and adequate growth of their political ambitions in world politics, what mood prevailed in government circles of America B. ...

• Word Count: 4151
• Approx Pages: 17
• Grade Level: Undergraduate