Question

Socialist economy is a
1.Planned economy
2.Mixed economy
3.Profit oriented economy
4.None of these​

Answer 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). ... The ownership of the means of production varies in different socialist theories.

Explanation:

must read the article