[Solved] Which of the following characteristics is least representative of socialism?

McqMate

Q.	Which of the following characteristics is least representative of socialism?
A.	personal profits are derived through market competition
B.	it includes private ownership of the means of production
C.	it involves centralized decision making
D.	it includes the pursuit of collective goals
Answer» A. personal profits are derived through market competition

1.6k

0

Do you find this helpful?

12

View all MCQs in

History of Economics Thought

Discussion

No comments yet

Related MCQs

Who was the social theorist that proposed socialism should serve as an intermediate stage on the way to an ideal communist society
Ambedkar’s idea of state socialism is based on the unique blend of
The most prominent representative of supply side economics was :
Of the following, the thinkers who viewed markets most favorably and who would consequently have been least likely to condemn payments of interest as immoral or unjustified by productivity would have been:
Explicit treatments of marginal analysis were least central to the writings of:
Which of the following was a belief shared by utopian and scientific socialists?
Which of the following is not among Rostow's stages of growth
Which of the following is the nucleus of the Keynesian theory of employment?
Who among the following was the leader of Monetarism
Who among the following computed India’s balance of payment for the first time for Reserve Bank of India: