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Question
Maximum social welfare is the key feature of _________.
Maximum social welfare is the key feature of _________.
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Solution
The correct option is A socialism
Maximum social welfare is the key feature of
socialism. This is done through equitable of resources and income. In this
system, the means of production and distribution is controlled by the government.
The economy is centrally planned by the government so that the useful goods are
produced with the objective to look after the needs of the poor section of the
society as well. This system also ensures that the disparities in the income
distribution becomes lesser.
Maximum social welfare is the key feature of socialism. This is done through equitable of resources and income. In this system, the means of production and distribution is controlled by the government. The economy is centrally planned by the government so that the useful goods are produced with the objective to look after the needs of the poor section of the society as well. This system also ensures that the disparities in the income distribution becomes lesser.
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