Asked by ciara
A socialist economy is characterized by:
A. an extensive reliance on markets to allocate final goods and services.
B. an extensive reliance on the profit motive to govern resource allocation decisions
C. elimination of the problem of scarcity since all basic necessities are available to all citizens.
D. public ownership of productive resources.
I'm not sure which answer to choose?
A. an extensive reliance on markets to allocate final goods and services.
B. an extensive reliance on the profit motive to govern resource allocation decisions
C. elimination of the problem of scarcity since all basic necessities are available to all citizens.
D. public ownership of productive resources.
I'm not sure which answer to choose?
Answers
Answered by
Ms. Sue
Which words don't you understand?
Answered by
ciara
I know it's not C or D, I'm stuck between the others
Answered by
Ms. Sue
You need to go back and study your text materials -- or study this site.
http://en.wikipedia.org/wiki/Socialist_economics
http://en.wikipedia.org/wiki/Socialist_economics
Answered by
ciara
so it's D then?
Answered by
Ms. Sue
Yes.
A socialist market is characterized by public (government) ownership of key resources.
A socialist market is characterized by public (government) ownership of key resources.
Answered by
ciara
thanks!
Answered by
Ms. Sue
You're welcome.
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