Socialist Distribution
View Complete Answer & Explanation
Question (English)
Distribution under socialism is based on:
- What people can afford
- What people need ✓ Correct
- Market prices
- Government profits
Explanation:
Correct Answer Explanation
Distribution under socialism is based on what people need, not what they can afford.
Key Points:
- Socialist nations provide free health care.
- Strictly, no private property.
- Cuba and China follow socialistic principles.
📚 About this Topic — CH-2: INDIAN ECONOMY 1950–1990
This multiple choice question is from CH-2: INDIAN ECONOMY 1950–1990, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-2: INDIAN ECONOMY 1950–1990 to strengthen your preparation.
