What are the main components of socialism? Explain.
Answers
Answer:
The four factors of production are labor, entrepreneurship, capital goods, and natural resources. These factors are valued only for their usefulness to people. Socialists take into account both individual needs and greater social needs. They allocate resources using central planning, as in a command economy.
Answer:
The four factors of production are labor, entrepreneurship, capital goods, and natural resources. These factors are valued only for their usefulness to people. Socialists take into account both individual needs and greater social needs. They allocate resources using central planning, as in a command economy.
A sustainable socialist society has six essential components: (1) an economic system that builds the productive forces and promotes common prosperity in a steady, sustainable manner; (2) a political system that supports a vigorous people's democracy focused on implementing the people's political agenda; (3) a strong, united, and fully sovereign socialist homeland; (4) a progressive socialist culture; (5) resource management policies that promote a flourishing natural environment while meeting the people's economic needs; and (6) successful resistance to bourgeois liberalization. Sustainable socialism is the result of successfully constructing, managing, and preserving the six components. In order to prevent contradictions, the components must be scientifically harmonized in a way that is appropriate to national conditions. In addition to harmonization, dynamic, highly organized, and vigilant political leadership is necessary for launching and organizing the drive for sustainable socialism and protecting the gains of socialism from reactionaries. The communist party working through the instrument of the people's democratic dictatorship provides these organizing, harmonizing, and protective functions. Thus, the leading role of the communist party becomes the overarching principle that guides the construction, implementation, and scientific harmonization of the six components of sustainable socialism.