A key assumption of socialism is that:
A)government ownership of some basic businesses is desirable because it helps achieve a more equal distribution of profits among the people.
B)the most important economic function of government is to promote rapid economic growth.
C)economic growth requires strict government control over population growth.
D)tax rates should be kept as low as possible in order to give consumers the maximum possible purchasing power.

Question

Quizplus · Accepted Answer

Socialism believes that the government should own basic businesses in order to distribute profits equally among the people. This is opposed to the belief that the government should focus on promoting economic growth, controlling population growth, or lowering tax rates.

A Key Assumption of Socialism Is That