Questions what is the main features of the socialist economy?

What is deficit? Give examples.

Key words: economy, market, price.

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  A deficit occurs when expenses exceed revenues, imports exceed exports, or liabilities exceed assets in a particular year.
  
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  Governments and businesses sometimes run deficits deliberately, to stimulate an economy during a recession or to foster future growth.
  
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  The two major types of deficits incurred by nations are budget deficits and trade deficits.
  

89. 
    What is abundance? Give examples.
    

Key words: economy, market, price.
Abundance is everywhere in the Universe, and it can also appear in your personal life, if you let it. It appears as multitude of trees, plants, animals, and various forms of life, and also as an endless number of stars and Universes.
New stars are constantly created, new trees grow, new people are born, and new sources of energy are discovered. The Universe seems to be constantly creating new things, and you are part of this plenty. If you lack plenitude in life, it is because of some negative thoughts and attitude blocking it.
People often associate this term with money. Wealth, and having a lot of money are considered symbols of it. However, abundance manifests in many other ways, not only as plenty of money and plenty of possessions.

90. 
    What is ownership?
    

Key words: public form, private ownership, economy.
Ownership is the state or fact of exclusive rights and control over property, which may be any asset, including an object, land or real estate, intellectual property, or until the nineteenth century, human beings. Ownership involves multiple rights, collectively referred to as title, which may be separated and held by different parties.
The process and mechanics of ownership are fairly complex: one can gain, transfer, and lose ownership of property in a number of ways. To acquire property one can purchase it with money, trade it for other property, win it in a bet, receive it as a gift, inherit it, find it, receive it as damages, earn it by doing work or performing services, make it, or homestead it. One can transfer or lose ownership of property by selling it for money, exchanging it for other property, giving it as a gift, misplacing it, or having it stripped from one's ownership through legal means such as eviction, foreclosure, seizure, or taking. Ownership is self-propagating in that the owner of any property will also own the economic benefits of that property.

91.