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
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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
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Who typically sets prices in a socialist system?
Consumers
The government
Private companies
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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
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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
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What is a potential drawback of socialism?
Social and economic inequality
A lack of innovation
Social and economic inequality
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What is the difference between socialism and capitalism?
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What is the ultimate goal of socialism?
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