Inequalities of income do not perpetuate in _________.a)Socialismb)Mix...
Explanation:
Inequalities of income refer to the differences in the income levels of individuals within a society. These income disparities can be perpetuated or reduced depending on the economic system in place.
Capitalism:
Capitalism is an economic system in which private individuals or businesses own and operate the means of production. In such a system, the pursuit of profit is the primary motive, and competition drives economic growth. In capitalism, inequalities of income are likely to perpetuate or even widen, as those who own the means of production have the ability to accumulate more wealth than those who do not.
Mixed Economy:
A mixed economy is an economic system that combines elements of both capitalism and socialism. In a mixed economy, the government regulates and controls certain industries, while others are left to the free market. Inequalities of income can persist in a mixed economy, depending on the level of government intervention in the economy.
Socialism:
Socialism is an economic system in which the means of production are owned and controlled by the state or by the community as a whole. In such a system, the goal is to distribute wealth and resources more equally among all members of society. Inequalities of income are less likely to perpetuate in socialism, as the state aims to provide basic needs and services for all members of society.
Conclusion:
Thus, it can be concluded that inequalities of income are less likely to perpetuate in socialism, as the state aims to provide basic needs and services for all members of society.
Inequalities of income do not perpetuate in _________.a)Socialismb)Mix...
Bcoz socialism means government rule and regulations than government things about everyone than he give equal income to everyone
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