Question

what is socialist economy? explain it's features​

Answer 1

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.

Answer 2

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.