In a(n) __________ economy, justice means meeting everyone’s basic needs in an equal manner rather than competing in pursuit of wealth.A.agrarianB.capitalistC.socialistD.laissez-faireSubmit
Question
In a(n) __________ economy, justice means meeting everyone’s basic needs in an equal manner rather than competing in pursuit of wealth.A.agrarianB.capitalistC.socialistD.laissez-faireSubmit
Solution
The correct answer is C. socialist.
In a socialist economy, the resources and means of production are owned by the society as a whole, meaning the government or the workers. This economic system emphasizes equal opportunities and fair distribution of wealth in the society, hence, justice in a socialist economy means meeting everyone’s basic needs in an equal manner rather than competing in pursuit of wealth.
Similar Questions
The component of justice that focuses on the fairness of policies and rules is called _______ justice.
Principles to be followed by State for securing economic justice are mentioned in ______
It emphasizes equality in the distribution of resources, opportunities, and rights among individuals within a society. Choose 1 answer Social Distributive Justice Egalitarian justice Distributive Justice Capitalist Distributive Justice.
Question 1The component of justice that focuses on the fairness of outcomes is called _______ justice.
What is justice?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.