The Major Benefit of Socialism Is That It Creates Strong

question 3

True/False

The major benefit of socialism is that it creates strong incentives to work hard and take the risks associated with starting and operating a business.

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Definitions:

Grameen Bank

A microfinance organization and community development bank in Bangladesh that provides small loans to the impoverished without requiring collateral.

Bill Drayton

An American social entrepreneur known for popularizing the concept of "social entrepreneurship" and founding the organization Ashoka.

Social Problems

Issues that affect a large number of individuals within a society, often calling for public or government intervention.

Social Entrepreneurship

A form of entrepreneurship that focuses on innovating and implementing solutions to social, cultural, or environmental issues, prioritizing public benefit over profit.