ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What economic system involves everyone sharing the public good?
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socialism
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capitalism
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communism
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None of the above
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Explanation:
Detailed explanation-1: -Socialism is a system in which every person in the community has an equal share of the various elements of production, distribution, and exchange of resources. Such a form of ownership is granted through a democratic system of governance.
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