Under socialism:
A)the basic goal is to make sure that those that create wealth are allowed to keep that wealth.
B)a major goal of the government is to reduce the inequality in the distribution of wealth.
C)a major goal of the government is to create incentives to encourage entrepreneurs to create jobs and economic growth.
D)the most important goal of the government is to keep tax rates extremely low.

Question

Quizplus · Accepted Answer

Under socialism, there is a major goal of the government to reduce the inequality in the distribution of wealth. This means that there is a focus on creating a more equal society where wealth is more evenly distributed. This is different from capitalism, where the focus is on allowing individuals and businesses to keep the wealth they create, and incentives are created to encourage economic growth and job creation.

Under Socialism