1
Question
Maximisation of social welfare and equitable redistribution of wealth is the key guiding principle of ___________.
Maximisation of social welfare and equitable redistribution of wealth is the key guiding principle of ___________.
Open in App
Solution
The correct option is B socialism
Maximization of social welfare and equitable redistribution
of wealth is the key guiding principle of socialism as:
1.
Socialism is a system in which the government
controls the factors of production.
2.
It focuses on the social and public welfare.
3.
It ensures that there is an equitable
distribution of income.
4.
There is no injustice done to the poor section
of the society.
Maximization of social welfare and equitable redistribution of wealth is the key guiding principle of socialism as:
1. Socialism is a system in which the government controls the factors of production.
2. It focuses on the social and public welfare.
3. It ensures that there is an equitable distribution of income.
4. There is no injustice done to the poor section of the society.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
