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Question
The motto of socialistic systems of economy is ______ .
The motto of socialistic systems of economy is ______ .
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Solution
The correct option is C Equal distribution of income
Socialism is a term applied to an economic system in which property is held in common and not individually, and relationships are governed by a political hierarchy. Common ownership doesn’t mean decisions are made collectively, however. Instead, individuals in positions of authority make decisions in the name of the collective group. Equal Distribution of income to the public.
Socialism is a term applied to an economic system in which property is held in common and not individually, and relationships are governed by a political hierarchy. Common ownership doesn’t mean decisions are made collectively, however. Instead, individuals in positions of authority make decisions in the name of the collective group. Equal Distribution of income to the public.
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