Sociology

Market Socialism

Market Socialism

Market socialism is distinguished from of the mixed economic climate, because unlike mixed economy, models of market socialism are generally complete and self-regulating systems. Market socialism is also contrasted with sociable democratic policies put in place within capitalist industry economies: while social democracy aims to attain greater economic balance and equality by means of policy measures such as taxes, subsidies and social welfare programs; market socialism aims to attain similar goals by means of changing patterns involving enterprise ownership and management.