Economy, asked by neerajrathi58, 11 months ago

what is socialist economy??​

Answers

Answered by Joonomibhuyan
2

Answer:

Socialist economics comprises of economic theories,practices and norms of hypothetical and existing socialist economic systems

Answered by jyotiirle
1

Answer:

The former Soviet Union is an example of a socialist

system.

Cuba is an example of a socialist nation.

its economy is state run and it lacks a stock exchange.

Healthcare and education are all completely managed

and administered by the government.

Related Terms. Socialism. Socialism is an economic and political system based on public or collective ownership of the means of production which emphasizes economic equality.

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