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INTERCEPT, INVESTMENT LINE: The intercept of the investment line indicates autonomous investment, investment that does not depend on the level of income or production. This can be thought of as investment that the business sector undertakes regardless of the state of the economy. Autonomous investment is affected by the investment expenditures determinants, which cause a change in the intercept and a shift of the investment line.
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                           MARKET SOCIALISM: A type of economy, or economic system, based on--(1) government, rather than individual, ownership of many resources, especially those like heavy manufacturing, energy reserves, widely used raw materials (lumber, steel), and transportation systems, that are deemed critical to the operation of the economy; (2) answering three questions of allocation with a combination of central planning by government and decentralized decision-making by individual factories and the owners of non-critical resources; (3) the limited use of markets to exchange farm products and retail consumer goods; (4) economic and monetary incentives, such as bonuses, paid to the workers of government-owned facilities to encourage efficiency and increased productivity. Market socialism is a form of socialism that attempts to blend voluntary market exchanges with government oversight and control. It was developed during the late 1960s and early 1970s, primarily by socialist economies in Europe, in an attempt to address the inefficiencies of socialism.Market socialism was designed to augment the government control of a command economy with the efficiency of market exchanges. Market socialism sought to paint the "big picture" of the economy with a moderate degree of central planning, avoid the inefficiency problems of monopoly and market control with government ownership of key industries, and encourage efficient exchanges and resource allocation using markets and decentralized decision-making. Market socialism resides in the middle of the spectrum of economic systems, bounded by a pure market economy on one end and a pure command economy on the other. It is, perhaps more so than other economic systems, a prime example of a mixed economy. Allocation decisions are undertaken by both governments and markets.
Recommended Citation:MARKET SOCIALISM, AmosWEB Encyclonomic WEB*pedia, http://www.AmosWEB.com, AmosWEB LLC, 2000-2025. [Accessed: July 6, 2025].
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GRAY SKITTERY
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Today, you are likely to spend a great deal of time visiting every yard sale in a 30-mile radius hoping to buy either a how-to book on surfing the Internet or a computer that can play music and burn CDs. Be on the lookout for telephone calls from long-lost relatives.
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The earliest known use of paper currency was about 1270 in China during the rule of Kubla Khan.
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"Defeat is simply a signal to press onward. " -- Helen Keller, author, lecturer
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RMS
Real Market Share
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