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SSC CPO SI and ASI Model Paper 6
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© examsnet.com
Question : 58
Total: 200
Which of the following is not a characteristic of a socialist economy?
Focus on reducing inequality
Social ownership of the means of production
Prices are determined by market
Centralised planning
Validate
Solution:
(3) The role of market indetermining prices is negligible insocialist economies as they arecentrally planned economies whereall the means of production areowned and controlled by thegovernment in the overall interestof the society.
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