Which of the following is/are the merits of socialistic economy?

Social security and welfare

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Rigid economy

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Bureaucratic control

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All of the above

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Solution

The correct option is A Social security and welfare
Merits of Socialist Economy:

(i) No Labour Exploitation

(ii) Proper Utilisation of Resources

(iii) No Wasteful Advertisement

(iv) Proper Planning

(v) No Cyclical Fluctuations

(vi) Social Welfare

(vii) Rapid Economic Development

(viii) Most Suitable to Developing Countries

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