Economic

In a pure socialist economy, there’s a planned economic system. This means that the government controls all means of production, and that the state authorities determine the prices, output, and production, rather than the free market forces. A pure socialist economy needs a government controlled population to make the system work.

Key aspects of a Socialist economy 
 * All amounts produced are planned to where they will be sold or who there consumers would. So production is fixed not allowing over production.
 * Jobs for the nation will be given out by the government depending on what needs to be done.
 * The wages for the jobs are also set by the state and not by the company meaning you cant really have a career and increase your income.

===If America was a pure socialist country what would it look like? ===

If America was a pure socialist country, society would be very different from today. The socialist system assumes that everyone sacrifices some of their freedom and their own interests for others. There would be much more equality among citizens, since the government controls what each citizen receives in order to sustain their own living.

Education would be much like it is today. Every child would have the right to an education in a public school. The education system would be regulated and placed under control by the government. The largest employer in America would be the government. Rather than private enterprises and businesses, the government would provide the majority of citizens with jobs. Those who are NOT employed still get subsistence payments. These payments would be about the same or comparable to those who DO work.
 * Education**
 * Employment**


 * There is no capitalism in a socialist country meaning the nation could not generate extra wealth.
 * The government would control all means of productions.
 * The hard working would get about the same money as those who rarely work due to the reason that "everyone is treated equally"
 * It would be planned economy meaning that entrepreneurship would not be possible.. or very hard to do so.
 * Prices for commodities will be fixed to a certain price and managed by the government.
 * All equipment for a company to function will also be provided by the government.
 * The government will also supply society with w.e is necessary for it to function necessary.
 * Nothing can be “over ruled” or the majority never wins. Everything is followed as the authority says so!
 * Health care and social security is expected to be provided by the government.

=Countries that currently practice socialism= =

=
 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; text-decoration: none; vertical-align: baseline;">North Korea **
 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-weight: normal; list-style-type: disc; text-decoration: none; vertical-align: baseline;">Since the companies are all under private ownership of the government, North Korea does not have a stock exchange because that would require a company to show all of its financials.
 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-weight: normal; list-style-type: disc; text-decoration: none; vertical-align: baseline;">The authorities claim that there are NO unemployed people. Other nations that its just propaganda and just helps to keep the people quiet. However some do believe that lie. When someone is employed there job is chosen there for most of the time people get pointed to jobs that they don’t really fit into like coal mines or factories.
 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-weight: normal; list-style-type: disc; text-decoration: none; vertical-align: baseline;">The only unemployed were those who rejected the jobs provided by the regime
 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-weight: normal; list-style-type: disc; text-decoration: none; vertical-align: baseline;">The truth is that there are many that are unemployed and the reason is because the authorities did not allow corporations to distribute food as payment during late 1990’s and that caused many factories and corporations to close down.

<span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-weight: bold; text-decoration: none; vertical-align: baseline;">Cuba <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-weight: normal; text-decoration: none; vertical-align: baseline;">The economy of Cuba is controlled largely by the state. It is a centrally planned economy that the Cuban government oversees. Still, there is a lot of significant foreign investment and private enterprise, but most of the means of production are owned and run by the government.
 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-weight: normal; list-style-type: disc; text-decoration: none; vertical-align: baseline;">Cuba uses a system of food distribution where they establish rations that every person is allowed to buy. This ensures every citizen a minimum intake of food, regardless of their social status. This rationing system is not the only means of obtaining goods, since there are lots of supermarkets and stores as well. However, the prices of goods in the rationing book are 20 times cheaper than free market goods.
 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-weight: normal; list-style-type: disc; text-decoration: none; vertical-align: baseline;">Cuba’s agriculture is state-run. However, because of it’s inefficiency, Cuba imports about 80 percent of the food that it rations to the public.
 * <span style="background-color: transparent; color: #000000; font-family: Arial; font-size: 15px; font-style: normal; font-weight: normal; list-style-type: disc; text-decoration: none; vertical-align: baseline;">Capital investment is restricted. It requires approval by the government.