Which of the following is a negative feature of socialist economic systems?
A)Excessive private ownership of healthcare and utilities
B)Absence of any tax structure
C)Inefficiencies and corruption
D)Lack of government ownership of key enterprises

Question

Quizplus · Accepted Answer

Inefficiencies and corruption are often associated with socialist economic systems due to a lack of market competition and incentives for innovation. This can lead to a lack of productive efficiency and misallocation of resources.

Which of the Following Is a Negative Feature of Socialist