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The main objective of a socialist economy is _________ ?

AMaximum production

BEconomic freedom

CEarning profit

DMaximum public welfare

Answer:

D. Maximum public welfare


Related Questions:

In a socialist system, what role does the government typically play in the allocation of resources?

  1. Direct central planning of all economic activities
  2. Facilitating and regulating markets while maintaining public ownership of key industries
  3. Complete laissez-faire approach with no government intervention
  4. Resource Redistribution
    What is economic growth ?
    What do you mean by a mixed economy?
    സത്യത്തിലും അഹിംസയിലും അധിഷ്ഠിതമായി ഗാന്ധിജി ലക്ഷ്യമിട്ട സമ്പദ് വ്യവസ്ഥ ഏതാണ് ?
    ആധുനിക സോഷ്യലിസത്തിന്റെ പിതാവ് :