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3 years ago

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

Business

2 answers:

Burka [1]3 years ago

5 0

Answer: To meet all consumer needs

Explanation: In a socialist economy good and services are produces for direct use. Unlike a capitalist economy where goods and services are produced to earn profits. The purpose of producing goods in a socialist economy is to utilise the economy's scarce resources in a way that maximum consumer needs can be satisfied.

Thus, option D- to meet all consumer needs is the correct choice.

Pavel [41]3 years ago

5 0

<span>Hi, happy to help!
D. to meet all consumer needs!
As meeting consumer needs is the only way to make profit!</span>

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4 years ago

A store that sells books and a store that cells tools are what type of competition?

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From the information given, the available Time is 1 hour which can be converted to secunds and this will be:

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