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Question
The term _______ means that wealth is generated socially and should be shared equally by society.
The term _______ means that wealth is generated socially and should be shared equally by society.
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Solution
The correct option is D socialist
The term "socialist" means that wealth is generated socially and should be shared equally by society. To reduce socio-economic inequalities in the society, the government regulates the ownership of land and industry. The government in socialist nations tries to prevent accumulation of wealth in the hands of a few. It also tries to provide equal opportunities to all its citizens.
The term "socialist" means that wealth is generated socially and should be shared equally by society. To reduce socio-economic inequalities in the society, the government regulates the ownership of land and industry. The government in socialist nations tries to prevent accumulation of wealth in the hands of a few. It also tries to provide equal opportunities to all its citizens.
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