Economy, asked by sarikaomari5, 8 months ago

What do you mean by socialist economy ? explain and give exmaples of socialist economies.​

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Answered by jawaidakhter070
2

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Answered by ankita2006mishra
6

Answer:

In a socialist economy, the government owns and controls the means of production; personal property is sometimes allowed, but only in the form of consumer goods. ... Socialist economies rely on either the government or worker cooperatives to drive production and distribution.

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