In a socialist economic system, the means of production, distribution, and exchange are primarily owned and controlled by which of the following?
- The state or central governmentCevap
- BPrivate individuals and corporate entrepreneurs
- CForeign multinational corporations
- DTraditional rulers and customary institutions
Cevap
The state or central government primary owns and manages the means of production, distribution, and exchange in a socialist economic system.
In a socialist political economy, the state represents society by directly owning, controlling, and planning the core means of production to ensure equitable distribution of social wealth.
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Anahtar Kavram
State Ownership in Socialism