Which of the following economic systems is based on the premise that some, if not most, basic businesses should be owned by the government so that profits can be evenly distributed among all the people? A. Capitalism B. Socialism C. Communism D. Mixed

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Which of the following economic systems is based on the premise that some, if not most, basic businesses should be owned by the government so that profits can be evenly distributed among all the people? A. Capitalism B. Socialism C. Communism D. Mixed

Socialism is based on the premise that some, if not most, basic businesses should be owned by the government so that profits can be evenly distributed among all the people. [ ]

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Asked 8/27/2012 2:59:07 PM

Updated 74 days ago|3/20/2023 6:30:54 PM

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Edited by Masamune [3/20/2023 6:30:50 PM]

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Communism is the economic system that the state makes almost all economic decisions and own almost all the major factors of production, including housing for its people.

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