{"id":20311,"date":"2023-08-10T12:42:55","date_gmt":"2023-08-10T12:42:55","guid":{"rendered":"https:\/\/www.greatassignmenthelp.com\/questions\/?p=20311"},"modified":"2023-12-21T09:56:08","modified_gmt":"2023-12-21T09:56:08","slug":"as-economic-theories-socialism-and-communism-sought-to","status":"publish","type":"post","link":"https:\/\/www.greatassignmenthelp.com\/questions\/as-economic-theories-socialism-and-communism-sought-to\/","title":{"rendered":"As economic theories, socialism and communism sought to"},"content":{"rendered":"<p>a) Encourage private ownership of businesses.<\/p>\n<p>b) Even out inequalities of wealth.<\/p>\n<p>c) Encourage little government oversight.<\/p>\n<p>d) Build housing and schools for workers.<\/p>\n<p><strong>Answer:-\u00a0<\/strong>The correct answer is B.\u00a0<strong>Even out inequalities of wealth.<\/strong><\/p>\n<p>The main objective of communist and collectivist economic systems was to complete economic and income parity among all members of society.<\/p>\n<p>In order to safeguard so, government would interfere in every feature of the economy, everybody would have a job location and earn an equivalent salary and all the stuff will be public (consequently, private properties had to be nationalized). \u00a0 Those who stance for both the philosophies of socialism and communism powerfully oppose the idea of letting private ownership of businesses. Proponents of both philosophies contend that private businesses cheer concentration of prosperity in the hands of a few persons, termed capitalists, though concurrently exploiting the work of the poor masses for contentment of the former\u2019s selfish needs, which leads to the advent of haves and have-nots.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>a) Encourage private ownership of businesses. b) Even out inequalities of wealth. c) Encourage little government oversight. d) Build housing and schools for workers. Answer:-\u00a0The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>As economic theories, socialism and communism sought to<\/title>\n<meta name=\"description\" content=\"As economic theories, socialism and communism sought to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greatassignmenthelp.com\/questions\/as-economic-theories-socialism-and-communism-sought-to\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"As economic theories, socialism and communism sought to\" \/>\n<meta property=\"og:description\" content=\"As economic theories, socialism and communism sought to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.greatassignmenthelp.com\/questions\/as-economic-theories-socialism-and-communism-sought-to\/\" \/>\n<meta property=\"og:site_name\" content=\"Questions - 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