Which of the following is not a merit of socialist economy?

CA Foundation · Business Economics · MTP · January 2025
Which of the following is not a merit of socialist economy?
(A) A. It provides equal access to health care and education
(B) B. Workers are no longer exploited because they own the means of production
(C) C. Profits are not spread equitably among all workers according to their individual contributions.
(D) D. Natural resources are preserved for the good of the whole.

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Profits are not spread equitably among all workers according to their individual contributions.

Topics: Nature & Scope of Business Economics

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