select the correct answer. for what purpose are goods and services produced in a socialist economy? a…

select the correct answer. for what purpose are goods and services produced in a socialist economy? a. profits b. their usefulness c. to create demand d. to meet all consumer needs

select the correct answer. for what purpose are goods and services produced in a socialist economy? a. profits b. their usefulness c. to create demand d. to meet all consumer needs

Answer

Brief Explanations:

In a socialist economy, goods and services are produced based on their utility and to meet the needs of the people rather than for private - sector profit - maximization. Creating demand is not the primary goal, and it's not possible to meet all consumer needs due to resource constraints. The focus is on the usefulness of the goods and services for the collective good.

Answer:

B. their usefulness