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Artemon [7]
3 years ago
15

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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