Which economic system is characterized by public ownership of the means of production, central planning, and the distribution of goods without a profit motive?

Name: Which economic system is characterized by public ownership of the means of production, central planning, and the distribution of goods without a profit motive?
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Question

Quizplus · Accepted Answer

Socialism is characterized by public ownership of the means of production, central planning, and the distribution of goods without a profit motive.

Which Economic System Is Characterized by Public Ownership of the Means