In Socialism, Who or What Determines What Will Be Produced

question 64

Multiple Choice

In socialism, who or what determines what will be produced and what it will cost?

• A) the level that the market will bear
• B) the industrialist who produces the goods
• C) the central committee that decides what the country needs
• D) the consumer who purchases the goods

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Definitions:

Right or Privilege

A distinction where a right is an entitlement or justification to have or do something, whereas a privilege is a special benefit or advantage granted to someone under certain conditions.

UN Global Compact

A United Nations initiative to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation.

Human Rights

The inherent rights that every person is entitled to, regardless of race, nationality, gender, or religion, including the rights to life, freedom, and expression.

Eradicate Corruption

The act of eliminating dishonest or fraudulent conduct by those in power, typically involving bribery or embezzlement, aiming to establish integrity in all processes.