Socialist economies profess egalitarianism which refers toMultiple Choicedistribution of social services to the poor only.equal distribution of income and social services.strict regulation of prices by the government.distribution of social services based on economic status.

In which economic system is distribution done according to the principle ‘from each person according to his needs and ability’.a. Communismb. Capitalismc. Socialismd. Oligarchy.

Socialism aimed to establish a society based on:*1 pointa) Private ownership of the means of productionb) State ownership of the means of productionc) Individual wealth accumulationd) Feudal principles

.An economic system whereby the government controls the means of production and shares the wealth of the nation equally is called  _____________a. Communismb. Capitalism c.c. Socialismd. Oligarchy.

The system that is based on a free market economy where individuals are allowed to own private property, businesses, industries, and farms. Individuals have the right to start their own businesses and profit from their hard work is referred to by what term?CapitalismCommunismRadicalismSocialism

"A group in which wealth is not stratified but prestige and status are" is best defined as which of the following terms?a.egalitarian societyb.redistributionc.reciprocityd.ranked society