Economy, asked by shajarun712, 1 year ago

The prime motive of socialist economy is ______________.
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Answers

Answered by aqibkincsem
0
The prime motive of a socialist economy is equity.

Socialism refers to a political movement whereby the political movement centers around changing the economy where the means of ownership gets changed.

The main objective of a socialist economy is the fact that it is used in fostering a economy which is cooperative in nature along with the means of common ownership of goods.
Answered by khushboo41
2
heya!

the Prime motive of socialist economy is to welfare the Society or equity.

A socialist economy is an economy in which production is controlled I. e. owned by the people. it can be defined as democratic worker and community control over the system for the production of goods n services for each other.

hope this help!
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