Social Sciences, asked by satishsatish6149, 10 months ago

Write main characteristics of the socialist economy?

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Answered by Anonymous

2

Answer:

Main Features of Socialist Economy:

The main features of socialist economy are as follows:

(i) Collective Ownership

(ii) Economic, Social and Political Equality:

(iii) Economic Planning

(iv) No Competition

(v) Positive Role of Government

(vi) Work and Wages According to Ability and Needs

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