For what purpose are goods and services produced in a socialist economy? A. profits B. their usefulness C. to create deman

Question

For what purpose are goods and services produced in a socialist economy?
A. profits
B. their usefulness
C. to create demand
D. to meet all consumer needs

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2022-08-05T23:30:41+00:00 2 Answers 0

Answers ( 2 )

  1. Elliana
    0
    2022-08-05T23:31:50+00:00

    Answer: To meet all consumer needs

    Explanation: In a socialist economy good and services are produces for direct use. Unlike a capitalist economy where goods and services are produced to earn profits. The purpose of producing goods in a socialist economy is to utilise the economy’s scarce resources in a way that maximum consumer needs can be satisfied.

    Thus, option D- to meet all consumer needs is the correct choice.

  2. Eden97
    0
    2022-08-05T23:31:55+00:00

    Hi, happy to help!
    D. to meet all consumer needs!
    As meeting consumer needs is the only way to make profit!

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