GK
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Proposes that government should organize and control the means of production for the welfare of all.
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Socialism
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Communism
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -This means of production is the physical and labor capital that is used to produce the different goods in society. In strict communist theory the “means of production” is collectively owned by the people in a community, to insure that all the people will get the products that they themselves desire.
Detailed explanation-2: -Socialism is a political philosophy and movement encompassing a range of economic and social systems, which are characterised by social ownership of the means of production, as opposed to private ownership.
There is 1 question to complete.