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Economic Systems & the Five Year Plans · Question 5 of 54

Question 5

MediumOriginal question

In a socialist economy, goods are distributed according to

Options for question 5

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. The government decides what to produce in line with society's needs, and distributes by need, not by purchasing power.

Concept
Socialist economy
Typical time
70 s
Your time
—
The rule this testsEconomic systems
Practise this chapter →

Ten questions from Economic Systems & the Five Year Plans, at your own pace.

Practise this chapter →

Ten questions from Economic Systems & the Five Year Plans, at your own pace.