The idea that individuals would contribute according to their abilities and receive benefits according to their needs supports which type of economy?
A) Market economy
B) Socialist based economy
C) Mixed market economy
D) Capitalist market economy
E) Communist based economy

Question

Quizplus · Accepted Answer

This principle is a fundamental aspect of a communist-based economy, where resources and goods are distributed based on individuals' needs rather than their ability to pay.

The Idea That Individuals Would Contribute According to Their Abilities