________ Is an Essential Characteristic of Socialist Systems

question 52

Multiple Choice

________ is an essential characteristic of socialist systems.

• A)Public ownership of the means of production
• B)Private ownership of the means of production
• C)The law of supply and demand
• D)A consumer-driven economy

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Definitions:

Hearing

A legal proceeding where evidence is presented and arguments are made before a decision-maker, such as a judge, without a formal jury present.

Debtor Assets

Properties or financial resources owned by an individual or entity who owes money to creditors.

Pay Judgment

A legal obligation to pay the amount of money awarded by a court in a lawsuit.

Discovery of Document

A legal process during litigation where parties are required to exchange documents relevant to the case.