Market socialism

From wikipediaMarket socialism is a type ofeconomic system involving the public, cooperative, orsocial ownership of the means of production in the framework of a market economy. Market socialism differs from non-market socialism in that the market mechanism is utilized for the allocation of capital goods and the means of production.[1][2][3] Depending on the specific model of market socialism, profits generated by socially owned firms (i.e. net revenue not reinvested into expanding the firm) may variously be used to directly remunerate employees, accrue to society at large as the source ofpublic finance, or be distributed amongst the population in a social dividend.[4]

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