'Socialism' is best defined as an economic and political system in which:
A.
The means of production (such as land, capital, and factories) are owned or controlled collectively, typically by the state or the community, rather than by private individuals
B.
Every citizen is legally required to work in agriculture
C.
Private individuals own all factories, while the state owns nothing at all
D.
All forms of trade and commerce are permanently banned
A. The means of production (such as land, capital, and factories) are owned or controlled collectively, typically by the state or the community, rather than by private individuals
2.
'Socialism' is best defined as an economic and political system in which:
A.
The means of production (such as land, capital, and factories) are owned or controlled collectively, typically by the state or the community, rather than by private individuals
B.
Every citizen is legally required to work in agriculture
C.
Private individuals own all factories, while the state owns nothing at all
D.
All forms of trade and commerce are permanently banned
A. The means of production (such as land, capital, and factories) are owned or controlled collectively, typically by the state or the community, rather than by private individuals
3.
The core underlying goal of socialism, as an economic philosophy, is generally understood to be:
A.
Reducing economic inequality and ensuring a more equitable distribution of wealth and resources among all members of society
B.
Eliminating all forms of government involvement in the economy
C.
Ensuring that only foreign companies are permitted to operate within the country
D.
Maximising the personal profit of a small group of private business owners
