what is socialist economy
Srikanth27:
it is a type of economy
a socialist economic system is characterized by social ownership and in reality most of the time government control.
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5
It is a type of economy in which people buy goods in bulk.
I think this is write.
I think this is write.
Answered by
10
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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Mark me as a brainlist.
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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Mark me as a brainlist.
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