Question

In a
economy, if the
distribution of income
in the society is highly
unequal, then greater
amount of luxury goods
will be produced.
market
mixed
socialist
communist
​

Answer 1

Answer:

Capitalism's success is dependent on a free-market economy, driven by supply and demand. With socialism, all legal production and distribution decisions are made by the government, with individuals dependent on the state for food, employment, healthcare, and everything else.