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9966 [12]
2 years ago
7

Pros and cons of socialism

History
2 answers:
neonofarm [45]2 years ago
5 0

Answer:

pros of socialism: reduction of relative property, free health care, diminishing marginal unity of income, a more equal society is cohesive, socialist values encourage selflessness rather than selfishness, benefits of public ownership, environment, & reduced hidden taxes

Cons: lack of incentives, goverment failure, welfare state can cause disincentives, powerful unions can cause labor market antagonism, & rationing of healthcare

SORRY IK THIS IS ALOT YOU DONT HAVE TO USE ALL OF IT

nasty-shy [4]2 years ago
3 0
Pros of socialism
Reduction of relative poverty. ...
Free health care. ...
Diminishing marginal utility of income. ...
A more equal society is more cohesive. ...
Socialist values encourage selflessness rather than selfishness. ...
Benefits of public ownership. ...
Environment. ...
Reduced hidden taxes.
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