Advantages and Disadvantages of Socialism
Advantages (Pros / Positives / Benefits) and Disadvantages (Cons / Negatives / Drawbacks) of Socialism
Rusith
Rusith Yapabandara is contributing as the key author for LearnBusinessConcepts. He has over eight years of corporate experience in multinational companies and has several years of academic consulting experience.
He is a Passed Finalist of CIMA (UK), PMP (USA) Certified, and Completed BCS HEQ (UK). He is enjoying reading, acquiring knowledge in his spare time, and also keen to share his knowledge. Rusith has been a contributor to Learn Business Concepts since 2020. You may reach him on Linkedin.
Advantages and Disadvantages of Capitalism
Advantages (Pros / Benefits) and Disadvantages (Cons / Drawbacks) of Capitalism
Mercantilism – Definition, Characteristics, and Examples
Mercantilism is an economic form that regulates international trade to increase exports to surpass imports.
Democracy – Definition, Characteristics, Types, Examples
Democracy is known as “rules imposed by the people”, which emphasizes the power of the common public to exert political control with functions of the elected government.
Liberalism – Definition, Characteristics, Types, Examples
Liberalism is a philosophy that protects and enriches the rights of the common public.
Communism – Definition, Characteristics, Types, Examples
Communism emphasizes that all wealth and assets are owned by the common public, rather than by individuals.
Socialism – Definition, Characteristics, Types, Examples
Socialism is an economic system wherein the resource ownership is with the common public, rather than the private.
What is Capitalism? Definition, Types, Explanation
Capitalism is when the economic system is dominated by free markets, private businesses, and private individuals’ asset ownership.
Advantages and Disadvantages of Bi-Weekly Payroll
Advantages and Disadvantages of the Biweekly Payroll.
Controllable Cost – Definition, Explanation, with Examples
Controllable cost is an expense that the company executives/management can influence up to some extent based on the decisions made.