what is socialistic economy?
Answers
Answered by
1
Answer:
Socialism is an economic system in which citizens share ownership of the various factors of production. That ownership is acquired through a democratically elected government, a cooperative, or a public corporation in which everyone owns shares.
Answered by
1
Answer:
Socialist economics
Description
A socialist economy is a system of production where goods and services are produced directly for use, in contrast to a capitalist economic system, where goods and services are produced to generate profit (and therefore indirectly for use). "Production under socialism would be directly and solely for use.
Explanation:
i hope this is helpful
pls brainliest my answer because I want only 5 brainliest answers to get new rank.
Similar questions