Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Capitalism
B
Socialism
C
Free Market
D
Mixed Economy
Understanding the Answer
Let's break down why this is correct
Answer
In a socialist economic system, government intervention is most likely to occur to regulate the economy. This is because socialism emphasizes collective ownership and the idea that the government should manage resources and services for the benefit of all citizens. For example, in a socialist system, the government might control healthcare and education to ensure that everyone has access, regardless of their financial situation. This contrasts with capitalism, where the market operates with less government control, allowing individuals to own businesses and make economic choices independently. Overall, socialism seeks to reduce inequality and provide basic needs for everyone, which often leads to more government involvement in the economy.
Detailed Explanation
In socialism, the government plays a big role in the economy. Other options are incorrect because Many think capitalism means no government help at all; Some believe a free market means no rules.
Key Concepts
government intervention
Topic
Capitalism vs. Socialism
Difficulty
easy level question
Cognitive Level
understand
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