Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> With reference to Kind of Economy Consider the following.
1) Extreme form of Socialism is called as communism
2) Goal of Egalitarian society is common in Socialism and Capitalism.
Select the correct answer using the code given below

• A. 1 only
• B. 2 Only
• C. Both 1 and 2
• D. Neither 1 nor 2

Answer 1

The correct option is A 1 only

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Features of Socialism includes Production and Distribution by state, Maximum government role, Absence of Competition , Motive of Social welfare or egalitarian society.