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Introduction to NPO

What is the m...

Question

What is the main aim of socialistic economy?

A

To achieve social welfare

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B

To earn maximum profit

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C

To balance between profit and social welfare

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D

All of above

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Solution

The correct option is D To achieve social welfare
Socialists aim to achieve greater equality in decision-making and economic affairs, which means social welfare and equal rights of all must be achieved.

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