wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

The planning authority of a socialist economy aims at ___________ distribution of income.

A
inequitable
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
equitable
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
random
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
scattered
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B equitable
In socialist economy, the centrally based planning authority can plans the future government expenditure on various factors of the economy like infrastructure, health, education etc in such a way that it provides adequate employment to all the people unemployed which brings stability in the distribution of income in the economy.

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