What concept refers to economic theories advocating the creation of a society where wealth and power are distributed evenly, relative to the amount of work expended in production?
A)Rational economics
B)Socialism
C)Capitalism
D)Rational capitalism
E)Fascism

Question

Quizplus · Accepted Answer

Socialism is a concept advocating for an economic system where the distribution of wealth and power is relative to the amount of work put into production. It emphasizes the collective ownership of means of production and the importance of social welfare programs to promote equality.

What Concept Refers to Economic Theories Advocating the Creation of a Society