Question

As economic theories, socialism and communism sought to

Answer 1

The correct answer is B.

The main objective of socialist and communist economic systems was to achieve economic and income equality among all members of society.

In order to ensure so, goverment would intervene in every aspect of the the economy, everybody would have a job position and earn an equal salary and all the property will be public (therefore, private properties had to be nacionalized).  

Answer 2

As economic theories, the main objective of socialism and communism was to eliminate economic equalities among all the members of human society.

Thus, the correct option is B.

Further Explanation:

Those who stand for both the ideologies of socialism and communism strongly oppose the idea of allowing private ownership of businesses. Proponents of both theories argue that private businesses encourage concentration of wealth in the hands of a few people, called capitalists, while simultaneously exploiting the labor of the poor masses for fulfillment of the former’s selfish needs, which leads to the emergence of haves and have-nots. This capitalist system, according to them, is the root cause of rising income inequalities among different members of society. Hence, in this context, the capitalist system is an exploitative system. Both the ideologies of socialism and communism argue that in order for the establishment of a just and equitable society, private ownership of businesses must be put to a complete end.  

Proponents of both socialism and communism also believe that government intervention in all aspects of the economy is absolutely indispensable. It must ensure that all people get jobs, earn salaries on equitable terms and private ownership of property must be totally abolished. In this context, they argue that maximum government interference is necessary and that it cannot afford to neglect any aspect of the economic system, lest the poor masses remain in continual suffering at the hands of the few rich capitalists.

Learn more:

1. What contributed to the downfall of china’s republic? brainly.com/question/686080

2. What did china agree to do once the treaty of nanjing was signed?  brainly.com/question/175568

Answer Details:

Grade: High School

Subject: History

Chapter: New Economic Theories

Keywords:

Private ownership, concentration of wealth, capitalists, haves and have-nots, income inequalities, government intervention