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The original conception of socialism was an economic system whereby production was organised in a way to directly produce goods and services for their utility (or use-value in classical and Marxian economics), with the direct allocation of resources in terms of physical units as opposed to financial calculation and the economic laws of ...
Other socialist theories, such as mutualism and market socialism, attempt to apply the labor theory of value to socialism, so that the price of a good or service is adjusted to equal the amount of labor time expended in its production. The labor-time expended by each worker would correspond to labor credits, which would be used as a currency to ...
"The Arab Republic of Egypt is a Socialist Democratic State based on the alliance of the working forces of the people." The 2007 Amendments removed the mentioned of Egypt as a socialist state from Article One. [78] [79] [80] Socialism was still mentioned in the preamble and other sections, but fully removed following the 2011 revolution. [81 ...
An economic ideology is a set of views forming the basis of an ideology on how the economy should run. It differentiates itself from economic theory in being normative rather than just explanatory in its approach, whereas the aim of economic theories is to create accurate explanatory models to describe how an economy currently functions.
Intifada (Arabic: انتفاضة, romanized: intifāḍah) is an Arabic word for a rebellion or uprising, or a resistance movement.It can be used to refer to an uprising against oppression.
President Sabha Randhawa’s online statement doesn’t mention the group Social Revolution, which is planning the protest, but it refers to posters advertising the event that use the phrase ...
In Marxist theory, socialism refers to a specific stage of social and economic development that will displace capitalism, characterized by coordinated production, public or cooperative ownership of capital, diminishing class conflict and inequalities that spawn from such and the end of wage-labor with a method of compensation based on the ...
The Nation is a tribe, but a tribe that has grown as a result of increased offspring, i.e., a nation is a large tribe. The World is a nation but a nation divided into many nations as a result of population growth, i.e., the world is a great nation." [25] "The tribe is the natural social protection of the individual, ensuring his social needs."