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 the idea that the government should play a key role in managing resources and ensuring that wealth is distributed more evenly among people. For example, in a socialist system, the government might control major industries like healthcare or education to make sure everyone has access to these essential services, regardless of their income. In contrast, capitalism relies more on free markets and individual choices, so there is less direct government control. Overall, socialism aims to reduce inequalities and provide for the welfare of all citizens through government action.
Detailed Explanation
In socialism, the government plays a big role in the economy. Other options are incorrect because Some think capitalism means no government at all; A free market suggests no government control.
Key Concepts
government intervention
Topic
Capitalism vs. Socialism
Difficulty
easy level question
Cognitive Level
understand
Ready to Master More Topics?
Join thousands of students using Seekh's interactive learning platform to excel in their studies with personalized practice and detailed explanations.