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13 January, 10:23

Which of the following describes socialism as practiced today in Sweden?

Select one:

a. The government does not attempt to manage the overall economy, but owns a number of major industries and provides for people's basic economic needs.

b. The government manages the overall economy through ownership of most major industries, and does not allow private property.

c. The economy operates almost exclusively on private transactions.

d. The government does little to manage the economy and owns no major industries, serving mainly to provide for people's basic economic needs.

e. Firms are largely free to make their own production, distribution, and pricing decisions, and individuals depend largely on themselves for economic security.

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Answers (1)
  1. 13 January, 12:37
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    a. The government does not attempt to manage the overall economy, but owns a number of major industries and provides for people's basic economic needs.

    Explanation:

    The correct answer is A.

    The government does not interfere with the economy, however there are programs which led to the basic needs of everyone, be it food, school being satisfied.

    b. is not because it is an extreme form of socialism, for which Sweden is not known.

    c, d, e are capitalism principles.
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