Which of the following is a characteristic of socialism?
A) rejection of central planning
B) consumer sovereignty
C) government ownership of most of the factors of production.
D) private ownership of all factors of production.

Question

Quizplus · Accepted Answer

Socialism is characterized by the belief that the means of production, distribution, and exchange should be owned or regulated by the community as a whole, typically through the government. This means that government ownership of most of the factors of production is a key feature of socialism.

Which of the Following Is a Characteristic of Socialism