CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

In a socialist country, the government ____________.

A
Control the means of production and distribution
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Controls the means of production only
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Control the means of distribution only
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Distributes equal wealth among the citizens
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Control the means of production and distribution
Socialism is a populist economic and political system based on the public ownership (also known as collective or common ownership) of the means of production. Those means include the machinery, tools, and factories used to produce goods that aim to directly satisfy human needs. In a socialist economy, the government owns and controls the means of production.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Inputs to Outputs
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon