Contractionary fiscal policy: examples and tools

Contractionary fiscal policy consists of increasing taxes and decreasing government spending to reduce the budget deficit. It is usually used in response to an economic downturn (recession) or when there is high inflation. Contractionary fiscal policy is so named because it causes a contraction of the economy due to a contraction in government spending; it … Read more

Fascism Vs Marxism Differences and Similarities

The Fascism vs Marxism essay aims at making comparisons and contrasts between the two economic and political systems, highlighting their pros and cons. In this article, we will analyze the similarities and differences between the two terms. Fascism Fascism is an autocratic political movement that lays more emphasis on a centralized and nationalistic governmental system … Read more

What is Communism? Examples of Communist Countries

What is communism? Communism is a social, political, and economic system in which the entire community in the state is in full ownership and control of all means of production. Each individual’s ability and needs determine their share or redistribution of wealth. In other words, each individual contributes according to his ability and receives (allocation … Read more

Fascism Meaning, Characteristics and Examples of Fascists

What is fascism? Fascism refers to an autocratic political movement that emphasizes a centralized and nationalistic system of government above individual interests. Also, it is a political ideology or philosophy that possesses monolithic characteristics. By implication, fascism has an unchanging and rigid structure that does not give room for individual variation. Under this political system, … Read more