Currency and Socialism

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Difference between Currency and Socialism

Currency vs. Socialism

A currency (from curraunt, "in circulation", from currens, -entis), in the most specific use of the word, refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. Socialism is a range of economic and social systems characterised by social ownership and democratic control of the means of production as well as the political theories and movements associated with them.

China

China, officially the People's Republic of China (PRC), is a unitary one-party sovereign state in East Asia and the world's most populous country, with a population of around /1e9 round 3 billion.

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Debt

Debt is when something, usually money, is owed by one party, the borrower or debtor, to a second party, the lender or creditor.

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El Salvador

El Salvador, officially the Republic of El Salvador (República de El Salvador, literally "Republic of The Savior"), is the smallest and the most densely populated country in Central America.

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Ghana

Ghana, officially the Republic of Ghana, is a unitary presidential constitutional democracy, located along the Gulf of Guinea and Atlantic Ocean, in the subregion of West Africa.

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Gleaner Company

The Gleaner Company Ltd. is a newspaper publishing enterprise in Jamaica.

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Guinea

Guinea, officially the Republic of Guinea (République de Guinée), is a country on the western coast of Africa.

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John Maynard Keynes

John Maynard Keynes, 1st Baron Keynes (5 June 1883 – 21 April 1946), was a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

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Market economy

A market economy is an economic system in which the decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.

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Money

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.

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Tanzania

Tanzania, officially the United Republic of Tanzania (Jamhuri ya Muungano wa Tanzania), is a sovereign state in eastern Africa within the African Great Lakes region.

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World War I

World War I (often abbreviated as WWI or WW1), also known as the First World War, the Great War, or the War to End All Wars, was a global war originating in Europe that lasted from 28 July 1914 to 11 November 1918.

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