Inequalities of income do not perpetuate in which economic system? a. Socialism b. Mixed Economy c. Capitalism d. None
Understand the Problem
The question is asking which economic system is characterized by the absence of perpetual income inequalities. The options provided are Socialism, Mixed Economy, Capitalism, or None.
Answer
Socialism
The final answer is Socialism
Answer for screen readers
The final answer is Socialism
More Information
In a socialist economic system, the state typically redistributes resources and manages public services to aim for equal income distribution and lessen overall income inequality. This approach contrasts with capitalism, where market forces often determine income distribution, potentially leading to greater disparities.
Tips
A common mistake is to assume that mixed economies eliminate income inequality effectively. However, mixed economies combine elements of both capitalism and socialism, and income inequality may still persist.
Sources
AI-generated content may contain errors. Please verify critical information
