Economy, asked by jinayshah1312, 3 months ago

Explain Socialist economy

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Answered by arnabdutta63
1

Answer:

A socialist economy is a system of production where goods and services are produced directly for use, in contrast to a capitalist economic system, where goods and services are produced to generate profit (and therefore indirectly for use). "Production under socialism would be directly and solely for use.

Answered by deepikajlmhjkknacin
0

Answer:

socialist economy is a system of production where goods and services are produced directly for use, in contrast to a capitalist economic system, where goods and services are produced to generate profit (and therefore indirectly for use). "Production under socialism would be directly and solely for use.

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