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Transition economies: Russia          and china   NICOLE SHAW FIRST 6 PARAGRAPHS
Main ideas the ideology and institution behind command economies
Example and explain The labour theory value- the idea that the  value of any good is determined solely by the  amount of ...
Opinion and Perspective Communisms main failure in practice comes  from the failure of a centralized economy to  function...
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Nicole shaw

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Nicole shaw

  1. 1. Transition economies: Russia and china NICOLE SHAW FIRST 6 PARAGRAPHS
  2. 2. Main ideas the ideology and institution behind command economies
  3. 3. Example and explain The labour theory value- the idea that the value of any good is determined solely by the amount of labour required for its production. The amount something is, is measured by the amount of work put into the product.
  4. 4. Opinion and Perspective Communisms main failure in practice comes from the failure of a centralized economy to function. Though socialists often attribute it to problems elsewhere, the simple reason behind this occurrence is the mathematic and physical impossibility of managing an economy from a centralized form. http://gopcapitalist.tripod.com/socialistmyth.ht ml

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