Under socialism, prices and wages are set by

the government.

the law of supply and demand.

a committee of business leaders.

poltical leaders from all parties.

Question

Emelia Burgess

History

11 July, 23:20

Under socialism, prices and wages are set by

the government.

the law of supply and demand.

a committee of business leaders.

poltical leaders from all parties.

+1

Answers (1)

Know the Answer?

Zara Perkins · Answer 1

The right answer is "set by the government."

Explanation:

Socialism has no free market. The state dictates prices, wages, allocation of resources, production goals and product distribution. There is no law of supply and demand as in a free-market economy.

Under socialism, prices and wages are set bythe government.the law of supply and demand.a committee of business leaders.poltical leaders from all parties.

Under socialism, prices and wages are set by

the government.

the law of supply and demand.

a committee of business leaders.

poltical leaders from all parties.