"From Each According to His Ability, to Each According to His

question 59

Multiple Choice

"From each according to his ability, to each according to his need." This slogan could only be fully realized with:

• A) pure capitalism.
• B) pure socialism.
• C) a mixture of capitalism and communism.
• D) an information economy.
• E) pure communism.

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Definitions:

Technological Improvements

Enhancements and innovations in technology that increase productivity and efficiency.

Legal Limits

These are boundaries established by laws or regulations that define what is permissible within a legal framework.

Collective Action Problem

A situation where individuals in a group have incentives to not cooperate, despite a cooperative outcome being in their collective best interest, often leading to suboptimal results.

Free-Rider Problem

A situation in which individuals consume more than their fair share of a public resource, or shoulder less than a fair share of the costs of its production, without contributing to its provision.