World Economic System

WORLD ECONOMIC SYSTEM

SAIMA SHARAFAT 95NUKHBA MUNIR 76SAIRA SADDIQUE 63SANA AMEER 82HASEEB KHAN 94R. UMAR NIAZ 78

World Economic system

FEUDALISM PURE SOCIALISM BUREAUCRATIC SOCIALISM FASCISM PURE COMMUNISM RUSSIAN COMMUNISM CAMBODIAN COMMUNISM DICTATORSHIP PURE DEMOCRACY REPRESENTATIVE DEMOCRACY BUREAUCRACY ANARCHY CAPITALISM SURREALISM

What is economic system

An economic system is the combination of the various agencies, entities (or even sectors as described by some authors) that provide the economic structure that defines the social community.

Feudalism

Pure Socialism

Pure Socialism involves a centrally planned economic system , which requires

a government controlled population of workers to operate the system.

Socialism is both economic and government system

Features of the planned economy

• Production targets for different segments of the economy.

• Rationing of certain commodities to determine demand for them.

• Price and wage fixing by the state, &• A conscripted labor market in which workers are

assigned jobs by the state.

• The rule of subsidiary

What is fascism

• Fascism is "a genuinely revolutionary, trans-class form of anti-liberal, and in the last analysis, anti-conservative nationalism" built on a complex range of theoretical and cultural influences.

• fascism focuses on three groups of ideas.

PURE COMMUNISM

Communism varies, and it is often mistakenly, in general political discourse, used interchangeably with socialism; however, Marxist theory contends that socialism is just a transitional stage on the road to communism.

RUSSIAN COMMUNISM

A system of government in which the state plans and controls the economy and a single, often authoritarian party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people.

HISTORY OF CAMBODIAN COMMUNISM

After a civil war that had lasted for nearly 10 year the Khmer rouge took power in 1975 and stayed in power until 1979. In the end they fell out of power because their troops breached the boarder to Vietnam in order to hunt down people opposing them. After the war the country was under UN mandate in 1993 there were democratic elections. Today when one speaks of Cambodia and communism one usually means the reign of the Khmer rouge except something else is stated explicitly.

HISTORY OF CAMBODIAN COMMUNISM

 Killing people faster than Hitler ever managed. Destroying the whole elite of a country everyone with glasses counted as intellectual along with the old elite, putting it back to Stone Age. That’s why it is also called "stone age communism" a totally unique form of communism that wanted to establish a purely agrarian society. Destroying families.

DICTATORSHIP

A dictatorship is defined as an autocratic form of government in which the governments ruled by an individual.

Dictatorships may be classified in a number of ways, such as

Military dictatorship Single-party state Persona list Hybrid

PURE DEMOCRACY

What is Democracy?Democracy in which the

power is exercised directly by the people rather than through representatives.

Pure democracy is a form of government in which people vote on policy initiatives directly, as opposed to a representative democracy in which people vote for representatives who then vote on policy initiatives.

BUREAUCRACY

A bureaucracy is an organization of non-elected officials of a government or organization who implements the rules, laws, and functions of their institution.

DEFINITION OF CAPITALISM

Capitalism is an economic system that is based on private ownership of the mean of production and the creation of goods or services for profit.

Example: America, Canada, Brazil, Japan & Sweden

ELEMENTS

Competitive Markets Wage Labor Voluntary Exchange Personal Finance

Types of capitalism

Mercantilism Free-market capitalism Social market economy State capitalism Corporate capitalism Mixed economy

Effects of Capitalism

Positive Effects:Competition led to progressNegative Effects:Unequal distribution of wealth led to social unrest

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