Write main characteristics of the socialist economy?

1.	Write main characteristics of the socialist economy?
Answer» Main characteristics of the socialist economy: 1. Resources are owned by the society. 2. End of classes and economic equality. 3. Economic planning. 4. Maximum social welfare. 5. End of consumers sovereignty

Answer»

Main characteristics of the socialist economy:

1. Resources are owned by the society.

2. End of classes and economic equality.

3. Economic planning.

4. Maximum social welfare.

5. End of consumers sovereignty

Discussion