In a socialistic system, most economic decisions are made by:
A) firms.
B) consumers.
C) stockholders.
D) government planners.

Question

Quizplus · Accepted Answer

In a socialistic system, the government plays a dominant role in making economic decisions. The government planners have control over the allocation of resources, production decisions, pricing, and distribution. The aim is to ensure that resources are distributed equally and that everyone has access to essential goods and services.

In a Socialistic System, Most Economic Decisions Are Made By