First test EREM answers - EREM

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1)How do you explain the fact that, although their GDP per capita is rather low, the former socialist countries are still considered apart from the developing states? Hint: technologies’ uptake in the transition countries due to their human capital The term socialist state  refers to any state that is constitutionally dedicated to the construction of a socialist society. the termWorkers' State is used to describe a state where the working class controls the machinery of government but has not yet established a socialist economy.  A centrally planned economy combines public ownership of the means of production with centralised state planning. This model is usually associated with the Soviet-style command economy. The characteristics of this model of economy were: Production quotas for every productive unit. A farm,