PPGC 211 - Week 4
PPGC 211 - Week 4
Factors of Production
Usefulness to people Profit Usefulness to people Nation building
are valued for:
Allocation decided by: Central plan Demand and Supply Central plan Central plan
To each according to
Contribution Wealth Need Value to the nation
their:
Class Warfare
According to socialists, liberalism fails to live up to its
promises of freedom and equality. Socialists blame the free
market for liberalism’s failings.