Under Socialism

question 86

Multiple Choice

Under socialism:

• A)the basic goal is to make sure that those that create wealth are allowed to keep that wealth.
• B)a major goal of the government is to reduce the inequality in the distribution of wealth.
• C)a major goal of the government is to create incentives to encourage entrepreneurs to create jobs and economic growth.
• D)the most important goal of the government is to keep tax rates extremely low.

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Definitions:

Technological Improvements

Enhancements and innovations in technology that increase productivity, efficiency, or value in processes or products.

Additional Resources

Refers to extra assets or inputs available that can be used to enhance the production or efficiency of something.

Investment

Allocating resources, usually money, with the expectation of generating an income or profit.

Capital

Assets or money owned by an individual or organization, or funds available for specific purposes like establishing a company or investment.