select the correct answer.\nfor what purpose are goods and services produced in a socialist economy?\n a…
select the correct answer.\nfor what purpose are goods and services produced in a socialist economy?\n a. profits\n b. their usefulness\n c. to create demand\n d. to meet all consumer needs
Answer
Brief Explanations:
In a socialist economy, the focus of production is on the usefulness of goods and services to satisfy the needs of the people (not profit - driven like capitalism). Option A is incorrect as socialism isn't profit - centered. Option C is wrong as creating demand isn't the purpose of production in socialism. Option D is too absolute as no economy can meet all consumer needs. So the correct reason for production in a socialist economy is the usefulness of goods and services.
Answer:
B. their usefulness