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Lesson 8: Socialism and Communism - Quiz

In a socialist economy, what typically influences the prices of national goods and services in key industries?

A. The government of the country
B. The law of supply and demand

Sagot :

GinnyAnsweridn

Final answer:

In a socialist economy, the government of the country influences prices of goods and services in key industries.


Explanation:

In a socialist economy, the government of the country typically influences the prices of national goods and services in key industries. This control over pricing is a defining characteristic of socialist economic systems, where central planning and government involvement are prominent.


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