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 does not allow income inequalities to persist. It provides four options for the user to choose from regarding different economic systems.
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 often plays a significant role in redistributing wealth and resources in a bid to provide equality and meet the basic needs of all citizens, which reduces income inequality.
Tips
One common mistake is assuming that a mixed economy reduces income inequality as effectively as socialism. While mixed economies may incorporate certain social welfare policies, they still allow for market-driven income disparities.
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