Under socialism, factories, farms, mines, and natural resources are owned by:
A) laborers.
B) government.
C) private stockholders.
D) no one.

Question

Quizplus · Accepted Answer

Under socialism, the government is responsible for owning and controlling the means of production, including factories, farms, mines, and natural resources. This means that the profits generated by these industries are shared across society rather than being concentrated in the hands of private stockholders.

Under Socialism, Factories, Farms, Mines, and Natural Resources Are Owned