Economy, asked by 8840050, 1 day ago

what is socialist economy? explain it's features

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Answered by ItzMonster

Photosynthesis is a process used by plants and other organisms to convert light energy into chemical energy that, through cellular respiration, can later be released to fuel the organism's metabolic activities.

Answered by Propanthar

Answer: Socialist economy is characterized by public ownership of the means of production and distribution.

Explanation: There is collective ownership whereby all mines, farms, factories, financial institutions, distributing agencies (internal and external trade, shops, stores, etc.), means of transport and communications, etc.

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