Question

write any four merits of socialist economy​

Answer 1

Explanation:

• (iii) Economic equality: In the socialistic system there is no place for private property, laws of inheritance and tendency of earning prodict. Property and factors are owned by the state. The job is given to people with their ability and efficiency.

Answer 2

Write any four merits of Socialist Economy. ... (iii) Economic equality: In the socialistic system there is no place for private property, laws of inheritance and tendency of earning prodict. Property and factors are owned by the state. The job is given to people with their ability and efficiency.

Hope it helps you