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18 December, 19:47

For what purposes are goods and services produced in a socialist economy?

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  1. 18 December, 20:24
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    Hello Timothy. A socialist economy is a system of production where goods and services are produced directly for use, in contrast to a capitalist economic system, where goods and services are produced to generate profit (and therefore indirectly for use) ... The ownership of the means of production varies in different socialist theories.
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