Question

In socialism, ownership of resources rests with

• A. Foreign companies
• B. Private entrepreneurs
• C. Workers alone
• D. state

Answer 1

Answer:

D. state

Socialism is an economic and political system where the means of production—like factories, land, and resources—are owned or regulated collectively, usually by the government or state, rather than by private individuals. The idea is to reduce inequality and ensure that wealth and resources benefit society as a whole rather than a small group of private owners.