Question

what is socialist economy

Answer 1

It is a type of economy in which people buy goods in bulk.
I think this is write.

Answer 2

Hi friend,

A Socialist economy system is characterised by social ownership and in reality most of the time government control of the means of production while in theory some from of worker participation in planning which may mean autonomous cooperatives or direct public ownership ; wherein production is carried out directly for use....i hope it helps you

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