Socialism - SS1 Government Past Questions and Answers - page 1
In a socialist system, who owns and controls the means of production and distribution?
Private individuals or companies
The government or the workers themselves
Religious institutions
What is the main goal of socialism?
To generate profit for private individuals or companies
To provide equal opportunities for all members of society
To promote competition and innovation
Who typically sets prices in a socialist system?
Consumers
The government
Private companies
What is the focus of production in a socialist system?
The benefit of society as a whole
The benefit of society as a whole
Meeting the needs of a particular group
What is the focus of production in a socialist system?
The benefit of society as a whole
The benefit of society as a whole
Meeting the needs of a particular group
What is a potential drawback of socialism?
Social and economic inequality
A lack of innovation
Social and economic inequality
What is the difference between socialism and capitalism?
The main difference between socialism and capitalism is that in socialism, the means of production and distribution are owned and controlled by the state or by the workers themselves, while in capitalism, they are owned and controlled by private individuals or companies.
What is the ultimate goal of socialism?
The ultimate goal of socialism is to create a more equal and just society, where resources are distributed based on need rather than profit, and everyone has access to basic necessities such as food, shelter, and healthcare.