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27 June, 14:32

Under socialism, prices and wages are set by

the government.

the law of supply and demand.

a committee of business leaders.

poltical leaders from all parties.

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Answers (1)
  1. 27 June, 16:17
    0
    The right answer is "set by the government."

    Explanation:

    Socialism has no free market. The state dictates prices, wages, allocation of resources, production goals and product distribution. There is no law of supply and demand as in a free-market economy.
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