Which of the following is characteristic of socialism?

Question

Quizplus · Accepted Answer

Socialism is characterized by the belief in the collective ownership and control of the means of production, distribution, and exchange of goods and services. One of the primary goals of socialism is to eliminate extreme poverty and create a more equal distribution of wealth and resources. Socialists view the government as an instrument for achieving these goals and therefore tend to support policies that expand public services and welfare programs. Therefore, the only choice that aligns with socialist principles is D) elimination of extreme poverty.

Which of the Following Is Characteristic of Socialism