A welfare state is an economic system in which raw materials and the means of producing and distributing goods and services are collectively owned.

Question

True

False

Answer 1

False.

A welfare state is typically characterized by government programs and policies aimed at providing social safety nets, such as healthcare, education, and financial assistance, to improve the well-being of its citizens. It does not necessarily imply that raw materials and the means of production are collectively owned; that concept is more aligned with socialism or communism. In a welfare state, private ownership can still exist alongside government-provided welfare programs.