Assertion: market socialism | /r/HasProperty | economic system
Facets:
Source sentences:
text: Market Socialism is an economic system in which the means of production are owned either by the state or by the workers in each company (meaning in general that "profits" in each company are distributed between them: profit sharing) and the production is not centrally planned but mediated through the market .
text: Market socialism is any economic system where the means of production are owned by a public enterprise (including the state) or co-operative and operate to maximize their individual profits in a market-based economy.