Which of the Following Is Not a Characteristic of a Socialist

question 48

Multiple Choice

Which of the following is not a characteristic of a socialist economy?

• A) All capital and capital goods are privately owned.
• B) The government owns and controls key industries.
• C) Land and raw materials may be the property of the state.
• D) What to produce and how to produce it are based on national goals.
• E) Distribution of goods and services is controlled by the state.

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Definitions:

Environmental Concerns

Issues related to the impact of human activities on the natural environment, including pollution, climate change, and loss of biodiversity.

Enterprise Compact

An agreement or understanding between employers and employees within a company aiming to improve work conditions.

Representation

The act of acting or speaking on behalf of someone else or a group, particularly in decision-making processes or negotiation settings.

Incremental Changes

Small, gradual adjustments or improvements made in a system, process, or organization rather than large, drastic reforms.