This thread is lit. I’m going to list 4 arrangements of the economy. If you are interested in participating, name what you think each one is:
1: A small group of people own the lands that are worked by another group of people. The leader of these owners is chosen via divine right. The people who work the land keep what they make, however for protection they must work other lands and do not keep what is made from them
A small group of people hold dominion of a large group of people. The large group must work for food, lodging, etc. and are forced to do so by the threat of death and physical punishment. They do not get to keep what they make, the economic situation is determined by the generosity of those who hole dominion over them
A small group of people own the majority of wealth in the form of businesses, factories, goods, etc. They purchase the time of a much larger group of people who sell their labour to make ends meet. The small group decides what to do with the excess goods, services, and money.
A large group of people own the businesses, factories, goods, etc. These people work to make ends meet and decide collectively (democratically or through other means) what to do with the excess goods services, money, etc.
I hope these are both clear and vague enough. Good luck!
This thread is lit. I’m going to list 4 arrangements of the economy. If you are interested in participating, name what you think each one is:
1: A small group of people own the lands that are worked by another group of people. The leader of these owners is chosen via divine right. The people who work the land keep what they make, however for protection they must work other lands and do not keep what is made from them
A small group of people hold dominion of a large group of people. The large group must work for food, lodging, etc. and are forced to do so by the threat of death and physical punishment. They do not get to keep what they make, the economic situation is determined by the generosity of those who hole dominion over them
A small group of people own the majority of wealth in the form of businesses, factories, goods, etc. They purchase the time of a much larger group of people who sell their labour to make ends meet. The small group decides what to do with the excess goods, services, and money.
A large group of people own the businesses, factories, goods, etc. These people work to make ends meet and decide collectively (democratically or through other means) what to do with the excess goods services, money, etc.
I hope these are both clear and vague enough. Good luck!
In order:
Feudalism Oligarchy Capitalism Socialism
How’d I do?