Question

What does the term 'Socialist' mean?

• A. Wealth should be shared only by the rich
• B. Wealth is generated socially and should be shared equally by society
• C. Wealth should be shared only by the poor
• D. Wealth is generated socially and should not be shared by any one

Answer 1

The correct option is B Wealth is generated socially and should be shared equally by society

A socialist is someone who supports a political or economic philosophy that says society as a whole, rather than private companies, should own or control various goods and services.Socialist means based on socialism or relating to socialism.

The correct answer is B.