Which of the following are true? a)In a socialist economy, goods produced are distributed on the basis of purchasing power of people. b)In a socialist economy, a poor person is more likely to get a house. |
both a and b are true a is true, b is not b is true, a is not both a and b are false |
b is true, a is not |
Socialist economy works on the principle of equality for all. Thus, a poor person is more likely to get a house because the government will not focus on the purchasing power of that person but his basic need. |