A major benefit of socialism is assumed to be its:
A)emphasis on low tax rates.
B)ability to create strong incentives to work hard.
C)emphasis on social equality.
D)ability to stimulate rapid economic growth.

Question

Quizplus · Accepted Answer

Socialism places a strong emphasis on social equality, prioritizing the needs of the collective over the needs of the individual. This often leads to policies that address issues of income inequality, poverty, and access to basic necessities such as healthcare and education. While socialism may not necessarily stimulate rapid economic growth, proponents argue that the benefits of increased social equality and reduced poverty have significant long-term economic benefits.

A Major Benefit of Socialism Is Assumed to Be Its