Socialist economy are examples of which type of economic system

A) gift economies

B) market economies

C) planned economies

D) Barter economies

The correct answer is - C) planned economies.

The socialist economy type is a planned economy. The planning though is for the whole economy, and it is done by the government officials. This type of economy was witnessed in multiple places around the world, USSR, Yugoslavia, Cuba, China, and more recently in Venezuela, Libya, and North Korea.

In general, this type of economy seems to often have very big problems because of the planning, as it more often than not is mistaken. That has often led to making huge debts, famines, and suffering of the people, and eventually this systems tend to fall apart.

The only exception seems to be Libya, under the rule of Gaddafi, where the economy and the society were thriving, but it was all ruined by a foreign intervention.