Ask Question
Social StudiesSocial Studies
30 September, 02:03

The term socialism refers to which of the following? a. An economic system characterized by government ownership of resources and centralized allocation b. An economic system characterized by private ownership of resources and decentralized market-price allocation c. A religion centered on community interaction d. An economic system characterized by voluntary allocation

+4
Answers (1)
  1. 30 September, 05:58
    0
    Answer: D. An economic system characterized by voluntary allocation

    Explanation: Socialism promotes or encourages the need for production, distribution and exchange to be run by community at large instead of only the government running the affairs of the community.

    Socialism is a shared responsibility for the production and distribution of resouces between individuals in the community or a group. It is the economic and political theory that encourages individuals to do things collectively for the common goal of the society.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The term socialism refers to which of the following? a. An economic system characterized by government ownership of resources and ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
How Confucius ideas changed China
Answers (1)
One irony about the electoral college is that the founding fathers did not want congress to elect the president but if there is an electoral college tie this body chooses the president. a. the congress c. the house of representatives b. the senate d.
Answers (1)
Why were blockade runners important to Georgia during the Civil War. A) They were able to move troops efficiently. B) They brought needed supplies into the state. C) They were able to battle the Union navy successfully.
Answers (1)
Which statement about indoor air pollution is true? Group of answer choices a) It is caused by complete combustion of biomass fuels and coal burned inside the house. b) Indoor air pollution can lead directly to iron deficiency anemia.
Answers (1)
Describe two reasons why geneticists have reevaluated their traditional view that one gene codes for one polypeptide
Answers (1)
New Questions in Social Studies
The basic concepts of financial management are the same for all businesses, regardless of how they are organized. However, a firm's legal structure affects its operations.
Answers (1)
In 2008, a study was conducted measuring the impact that music volume has on beer consumption. The researchers went into bars, controlled the music volume, and measured how much beer was consumed.
Answers (1)
Which description applies to the middle class in american society
Answers (1)
Which of the following is not a factor that impacts the stability of a society? a. population size b. resource availability c. management practices d. available money
Answers (2)
One of the most important parts of the Magna Carta influenced the Sixth Amendment to the U. S. Constitution. This was the right to
Answers (2)
Home » Social Studies » The term socialism refers to which of the following? a. An economic system characterized by government ownership of resources and centralized allocation b.
Sign Up Forgot Password?