Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Income inequality is likely to decrease significantly as wealth is redistributed.
B
Income inequality will remain the same since both systems have similar income distribution.
C
Income inequality may increase as the government struggles to manage resources effectively.
D
Income inequality will fluctuate but ultimately depend on global market trends.
Understanding the Answer
Let's break down why this is correct
Answer
When a government shifts from a capitalist economy to a socialist one, the most likely impact is a decrease in income inequality. In capitalism, individuals can earn different amounts of money based on their skills, efforts, and market demand, which can lead to big differences in wealth. Socialism, on the other hand, aims to distribute resources and wealth more evenly among the population, often through government programs and regulations. For example, in a socialist system, essential services like healthcare and education may be provided for free or at a low cost, allowing everyone to access the same opportunities regardless of their income. This approach helps to reduce the gap between rich and poor, promoting a more equal society.
Detailed Explanation
In socialism, the government aims to share wealth more evenly. Other options are incorrect because Some people think both systems treat income the same way; This option suggests that the government might not manage resources well.
Key Concepts
Income inequality
Economic systems
Wealth redistribution
Topic
Capitalism vs. Socialism
Difficulty
hard level question
Cognitive Level
understand
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