January 2023

Economic Philosophies: Introduction

By |2022-09-15T12:29:55+02:00January 24th, 2023|Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Economic Philosophies: An Introduction

  • Economic philosophies are also known as economic ideologies
  • It refers to a set of economic ideals that a given person, society, country, people ascribe to
  • It refers to what this group of people/person believe the economy ought to […]
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Socialism: Drawbacks And Benefits

By |2022-09-15T12:29:53+02:00January 24th, 2023|Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Economic Philosophies: Socialism Demerits and Merits

  • During our discussion of Socialism
  • We examined its features and aims
  • These features give socialism its advantages and disadvantages

Advantages of socialism

  • It strives to create an equal […]
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Economic Philosophies: Communism

By |2022-09-15T12:29:52+02:00January 24th, 2023|Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

  • Communism is the other of two left-leaning economic and political ideologies
  • Like it’s fraternal twin, socialism, it attempts to provide an alternative to feudalism which it replaced in countries like Russia and Capitalism which is widespread in the so-called Western countries
  • Again at its core is the belief that all members of society ought to be […]
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