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matrenka [14]
3 years ago
5

For what purposes are goods and services produced in a socialist economy?

Social Studies
2 answers:
lys-0071 [83]3 years ago
8 0
Hello Timothy. A socialist economy is a system of production where goods and services are produced directly for use, in contrast to a capitalist economic system, where goods and services are produced to generate profit (and therefore indirectly for use). ... The ownership of the means of production varies in different socialist<span> theories.</span>
noname [10]3 years ago
5 0

It is  To meet all consumer needs


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