SSC
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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France economically is between Socialism and Free Enterprise on a scale but is closer to one. Which one would France be closer to economically?
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Socialism
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Free Enterprise
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Capitalism’s success is dependent on a free-market economy, driven by supply and demand. With socialism, all legal production and distribution decisions are made by the government, with individuals dependent on the state for food, employment, healthcare, and everything else.
Detailed explanation-2: -Socialism is an economic system characterised by social ownership and control of the means of production and cooperative management of the economy, and a political philosophy advocating such a system.
There is 1 question to complete.