Which of the following systems encourage the pursuit of collective goals such as social equality and solidarity?
A)Economic system
B)Market economy
C)Command economy
D)Capitalist economy

Question

Quizplus · Accepted Answer

In a command economy, the government makes decisions about how resources are allocated and what goods and services are produced, with the aim of achieving collective goals such as social equality and solidarity. This is because resources are allocated based on the needs of society, rather than on the basis of profit or market demand as in a market economy or capitalist economy. While all economic systems have some impact on social goals, the command economy is specifically designed to pursue collective goals.

Which of the Following Systems Encourage the Pursuit of Collective