Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Socialism
B
Capitalism
C
Both equally
D
Neither promotes equality
Understanding the Answer
Let's break down why this is correct
Answer
Socialism is more likely to promote income equality among its citizens compared to capitalism. In a socialist system, the government often controls major resources and industries, which helps ensure that wealth is distributed more evenly among people. This means that basic needs like healthcare, education, and housing are often provided for everyone, reducing the gap between the rich and the poor. For example, in countries with strong social welfare programs, citizens may receive free healthcare and education, allowing everyone to have similar opportunities regardless of their background. In contrast, capitalism allows for greater income disparity because individuals can accumulate wealth based on their success in the market, often leading to significant differences in income levels.
Detailed Explanation
Socialism aims to share resources more evenly. Other options are incorrect because Some think capitalism helps everyone get rich; It's a common belief that both systems are the same.
Key Concepts
Economic Systems
Wealth Distribution
Labor Dynamics
Topic
Capitalism vs. Socialism
Difficulty
easy level question
Cognitive Level
understand
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