ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT TRUE of socialism?
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It is violent
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It is peaceful
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It is democratic
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There is public ownership of businesses
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Explanation:
Detailed explanation-1: -Socialism does not emphasises on the centrality of community.
Detailed explanation-2: -The correct answer is Radical Socialism.
Detailed explanation-3: -The characteristics of social democracy include state-owned enterprises, centralized economic planning, a classless society, equal opportunity for all individuals, and a government-controlled price system.
Detailed explanation-4: -Key feature of socialism is state ownership of resources. In this system, the means of production and distribution is controlled by the government.
There is 1 question to complete.