A Major Premise of a Socialist System Is

question 32

Multiple Choice

A major premise of a socialist system is:

• A)To make sure that those that create wealth are allowed to keep that wealth.
• B)To reduce the inequality in the distribution of wealth.
• C)To create incentives to encourage entrepreneurs to create jobs and economic growth.
• D)To keep tax rates extremely low so that businesses do not need to support government projects.

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Definitions:

Assets

Economic resources or owned valuables that an individual, company, or country possesses, which are expected to provide future benefits.

Dividends

A corporation allocates a segment of its profits to its shareholders in the form of payments, distributing its earnings among them.

Millions

A numerical value representing one million units of a given item or currency, often used to describe large quantities or financial figures.

Current Assets

Holdings that are likely to be transformed into cash, merchandised, or expended either within the span of one year or throughout the standard operating period of the enterprise, should that exceed one year.