Question

what goods and services, and how much each will satisfy consumers' need? How is this question applied to communism, socialism and capitalism?

Answer 1

what goods and services, and how much each will satisfy consumers' need?

Ans…………….

Goods are items you buy, such as food, clothing, toys, furniture, and toothpaste. Services are actions such as haircuts,medical check-ups, mail delivery, car repair, and teaching. Goods are tangible objects that satisfy people's wants

Goods are tangible items that can be produced in physical form. Examples are - pen, car, phones, cloths etc. Services on the other hand, do not have physical forms but are activities or functions provided by other people. Examples are - doctors provide medial treatment as service to his/her patients, bus driver provides transport service to his/her passengers etc.

Consumption and utilization of goods and services provide satisfaction to the customers or the end users. Goods and services can also be utilized in the production and usage of other goods and services respectively. Level of satisfaction depends on the quality of the goods and services and can vary from person to person. The utility(satisfaction) for every consumer is different and based on his necessity of required goods and services.

How is this question applied to communism, socialism and capitalism?

Ans….

Communism and socialism are economic and political structures that promote equality and seek to eliminate social classes. The two are interchangeable in some ways, but different in others.In a communist society, the working class owns everything, and everyone works toward the same communal goal.

Both a unique witness of transformative events in the late 20th century, and a prescient analysis of our present economic crises from a major French philosopher, Michel Henry'sFrom Communism to Capitalism adds an important economic dimension to his earlier social critique. It begins by tracing the collapse of communist regimes back to their failure to implement Marx's original insights into the irreplaceable value of the living individual. Henry goes on to apply this same criticism to the surviving capitalist economic systems, portending their eventual and inevitable collapse.

The influence of Michel Henry's radical revision of phenomenological thought is only now beginning to be felt in full force, and this edition is the first English translation of his major engagement with socio-economic questions. From Communism to Capitalism reinterprets politics and economics in light of the failure of socialism and the pervasiveness of global capitalism, and Henry subjects both to critique on the basis of his own philosophy of life. His notion of the individual is one that, as subjective affect, subtends both Marxist collectivism and liberalism simultaneously. In addition to providing a crucial economic elaboration of Henry's influential social critiques, this work provides a context for understanding the 2008 financial shock and offers important insights into the political motivations behind the 'Arab spring'.