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The ultimate goal of a socialist economy is to provide for material (economic) needs of a society with greater efficiency and productivity than a capitalist economy.
It is believed that a more productive, efficient and equitable economy will allow for greater freedom and eliminate exploitation.
Wiki User
∙ 10y ago
The ultimate goal of a socialist economy is to achieve social equality by collectively owning and controlling the means of production, distribution, and exchange. This system aims to prioritize the needs of the society as a whole over individual profit, with the aim of reducing income inequality and promoting social welfare.
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What is the ultimate goal a socialist economy?
to assure fairness for all people A+
What is ultimate goal of a socialist economy?
to assure fairness for all people A+
What the ultimate goal of a socialist economy?
to assure fairness for all people A+
What is the ultimate goal of a socialist?
to assure fairness for all people A+
What is the goal of a socialist economy?
to assure fairness for all people A+
What is the ultimate goal of a thief?
What is the ultimate goal of a thief?
Compare capitalist economy with socialist economy?
Socialism means a classless stateless society with no money or prices or buying and selling. hence there can be no such thing as a Socialist economy.
What was ultimate goal of perestroika?
To move the USSR toward a market economy To move control of business away from the central government.
Does Portugal have a socialist economy?
No. Portugal economy is corporativistic
What economy does Portugal have?
socialist
Is Ghana a capitalist or socialist economy?
Ghana is a capitalist economy.
Why might a socialist society have a less rigid command economy than a communist socirty?
In a socialist society, various political systems may be combines with public control of the economy.
