Question

in which of the following systems all the economic decisions are taken by the state ministry​

Answer 1

In the socialist system all economic decisions are are taken by the state ministry​

Explanation:

• In a socialist system all economic  decisions are centralized in the state's hands with "collective ownership" of resources (but for labour)
• Socialism is the economic and social doctrine which promotes public ownership & ownership of resources & property. Since everyone participate in the way of labor to society, Socialists claim, everyone will benefit.
• The extent to which socialists own or control is different. Some people believe the govt must own most resources &property, while others believe that small companies should be private owners. Some, particularly the wealthy, think it is a form of socialism simply to tax the rich more

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what is the socialist system - Brainly.in

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Answer 2

Answer:

Socialist mechanism is the system where all the economic decisions are taken by the state ministry.