Questions what is the main features of the socialist economy?

Describe the difference between capitalism and socialism!

Key words: Ownership, prices, taxes, problems.
The terms capitalism and socialism are both used to describe economic and political systems. On a theoretical level, both of these terms also describe specific schools of economic thought. One of the most fundamental differences between the systems of capitalism and socialism lies in the scope of government intervention within an economy.
The capitalist economic model relies on free market conditions for the creation of wealth. The production of goods and services is based on supply and demand in the general market. This economic structure is referred to as a market economy.
In a socialist economic model, the production of goods and services is either partially or fully regulated by the government. This is referred to as central planning, and the economic structure that is created is known as a planned economy or a command economy.

106. 
     What are the goals of Neoliberalism?
     

Key words: Economic growth, human progress, trade, capital.
The goal of this ideology is to minimise the intervention of government in economic and social activities and avoidance of state regulations of labour and capital markets,as well as of trade and investments to reach economic growth and human development.

107. 
     What is the main idea of the Neo-classical economics?
     

Rational behavior, maximizing personal satisfaction, founders.
One of the key early assumptions of neoclassical economics is that utility to consumers, not the cost of production, is the most important factor in determining the value of a product or service. This approach was developed in the late 19th century based on books by William Stanley Jevons, Carl Menger, and Leon Walras.
Neoclassical economists believe that a consumer's first concern is to maximize personal satisfaction. Therefore, they make purchasing decisions based on their evaluations of the utility of a product or service. This theory coincides with rational behavior theory, which states that people act rationally when making economic decisions .

108.