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Advantages and Disadvantages of Capitalism
Capitalism is an economic system that is based on private ownership of the means of production, as well as on the principle of free market, whose objective is the accumulation of capital. The word is formed from the union between the noun capital, which in this context means 'set of economic goods', and the Greek suffix ism, which means system.
Argentine Military Dictatorship (1976 – 1983) History, Causes & Effects
The Argentine military dictatorship, also called the National Reorganization Process, was a civic-military dictatorship that occurred in Argentina between 1976 and 1983.
This happened after the military coup that overthrew the government of María Estela Martínez de Perón, immediately installing a military junta that had Jorge Videla as de-facto president.
Legitimacy: Definition, Sources & Problem
Legitimacy is a characteristic attributed to everything that complies with what is imposed by legal norms and is considered a good for society, that is, everything that is legitimate.
Normally, this is a characteristic that is frequently discussed in the legal field, in which it states that a situation or phenomenon is considered correct according to the parameters established by the system of laws and regulations.
Proletariat: Definition, History & Features
The proletariat are the class of people who do not have means of production. They are exploited workers in capitalist system and only earn their living through wage labour.
Similarly, they have no say in the area of decision making of any organization.
Autocracy | Definition, Features, Merits & Demerits
An autocracy is a government under the control of one person who usually achieved his position by force. It is a government of an absolute ruler. The autocratic state is a form of despotic or tyrannical rule.
The autocratic state is also sometimes called the authoritarian state. it represents an attempt by the ruling classes to perpetuate their domination.
Ten Tragic Days | History, Causes & Effects (Mexican Revolution)
The Ten Tragic Days was a military coup against President Francisco I. Madero, which lasted 10 days. This began on February 9, 1913, in Mexico City, and ended up overthrowing and assassinating President Madero.
Difference Between Socialism and Communism
While it is true that the theoretical and ideological origin of the socialist and communist tendencies is common, there is a significant difference between socialism and communism from the economic, political and sociological point of view.
Communism is commonly understood to be the last phase of socialist theory. Over the years and the appearance of new socio-political and economic models, both ideological tendencies have diverged. Mostly thanks to new mixed perspectives and coexistence with the capitalist and free market model.
Difference Between Communism and Capitalism
Communism is a political and socio-economic ideology based on the abolition of private property and social classes. Capitalism, on the other hand, refers to a socio-economic system based on the right to private ownership of the means of production and free trade in goods and products.
Teotihuacán Civilization: Characteristics, Culture & History
The Teotihuacanos were a culture developed around the city of Teotihuacan, located in the central region of Mexico, during the early Classic Period, according to the periodization of Mesoamerican history. This had its apogee between the years 100 BC and 650 BC approximately.
Aztec: History, Civilization, Culture & Characteristics
The Aztecs or Mexica were a Nahua people who, between 1325 and 1521, formed an expansionist civilization in the Valley of Mexico. Its development corresponds to the late Postclassic period according to the traditional periodization of Mesoamerica.
Feudal System: Definition, Features, Causes & Structure
Feudal System - a political, economic and social system, which prevailed in Western and Central Europe during much of the Middle Ages, and in Eastern Europe during the Modern Age.
Primitive Communism: Definition, Features, Pros & Cons
The primitive mode of production or primitive communism is one of the ways in which the way of organizing the production of goods and services in an economy can be presented. This theory was developed by Karl Marx, who classified history in different modes of production in chronological order.
History of Socialism | Meaning, Origin, Historic Context
Socialism is a philosophical current of economic, social and political thought, as well as a diverse set of political theories, movements and socio-economic systems that have been inspired by such thought.
All of them have in common the defense of the public, collective or cooperative property of the means of production of the society, instead of their property in private hands. In addition, it proposes the planning and organization of social and economic life from the forces that make up the State.
Juan Manuel de Rosas: Biography, History & Politics (1793-1877)
Juan Manuel de Rosas: Biography, History & Politics (1793-1877)
Juan Manuel de Rosas "Restorer of the Laws" - Politician and landowner from the River Plate...
Gross Value Added (GVA) Definition & Analysis
Gross Value Added, known by its acronym GVA, is a macroeconomic magnitude that measures the total value created by a sector, country or region. That is, the value of the set of goods and services that are produced in a country during a period of time, discounting indirect taxes and intermediate consumption.
Bankruptcy – Definition, Types, Features & History
Bankruptcy is an economic situation in which a company, organization or an individual finds itself when, due to the inability to face its debts with the available resources, has to permanently cease its activity.
Which Country Is Best to Start a Business?
The term business comes from the Latin negotium, a word formed by nec and otium ("what is not leisure"). It is about the occupation, the work or the task that is carried out for profit.
Among the most notorious debates within the economic world, it is worth highlighting the debate that faces those economists who are more in favor of a market economy, and other economists, who demonstrate less confidence in "the invisible hand" of Adam Smith and, therefore, they propose a planned economy model. A very widespread debate across the planet, which, to date, has not found a valid conclusion.
William Stanley Jevons | Biography, History, Theory & Political Economics
William Stanley Jevons was an English economist and logician, known for pioneering the Marginalist Revolution and for his use of the differential calculus in economics.
William Stanley Jevons (1835-1882) was born in Liverpool to a wealthy merchant family. He entered University College London , but due to the bankruptcy of the family businesses, he had to withdraw from studies and travel to Sydney, Australia to work for several years at the Mint.
Problems of the Civil Service in Nigeria
The problems of the civil service center primarily around the structure of the service and the attitude of civil servants to work. The following are some of the major problems facing the civil service in a modern state.
Achievements of Military Rule In Nigeria
The military could be credited with some achievements during the period of military rule. The intervention of the military in Nigerian politics saved the country from total disintegration on several occasions. A case in point the failure of the civilian government to resolve the Western Region crises in 1965. The military coup of 15th January, 1966 might have saved Nigeria from the apparent incompetence of the political class.