What are the characteristics of socialism? 5 points
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Public Ownership
Planned Economy
Classes of Society
State is responsible for basic necessities of life
Equal Opportunity to all
Non-existence of competition and limited choice of consumer products
Pricing Mechanism
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Planned Economy
Classes of Society
State is responsible for basic necessities of life
Equal Opportunity to all
Non-existence of competition and limited choice of consumer products
Pricing Mechanism
Hope you understand...
plz Mark as brainlist....
m9480:
thanx
welm..
plz mark as brainlist...
Answered by
1
heya dear,
here is your answer,
CHARACTERISTICS of socialism
__________________________
| =SOCIALISM REFERS TO THE ECONOMIC SYSTEM IN WHICH THE GOVERNMENT OWNS THE MEANS OF PRODUCTION.
||=IT BELIEVES THAT ALL INDIVIDUAL SHOULD HAVE ACCESS TO BASIC ARTICLES OF ECONOMIC SYSTEM.
||=ECONOMIC ACTIVITY AND PRODUCTION IS FOR ADJUSTED BY THE STATE
|||=IT RELIES ON PLANNING TO DETERMINE INVESTMENT.
|V= PRODUCTION FOR USE USEFUL GOODS ANS SERVICES ARE PRODUCED SPECIFICALLY.
V= TWO KINDS OF PROPERTY, PERSONAL AND PUBLIC.
BE BRAINLY
here is your answer,
CHARACTERISTICS of socialism
__________________________
| =SOCIALISM REFERS TO THE ECONOMIC SYSTEM IN WHICH THE GOVERNMENT OWNS THE MEANS OF PRODUCTION.
||=IT BELIEVES THAT ALL INDIVIDUAL SHOULD HAVE ACCESS TO BASIC ARTICLES OF ECONOMIC SYSTEM.
||=ECONOMIC ACTIVITY AND PRODUCTION IS FOR ADJUSTED BY THE STATE
|||=IT RELIES ON PLANNING TO DETERMINE INVESTMENT.
|V= PRODUCTION FOR USE USEFUL GOODS ANS SERVICES ARE PRODUCED SPECIFICALLY.
V= TWO KINDS OF PROPERTY, PERSONAL AND PUBLIC.
BE BRAINLY
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