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Socialist Economy শব্দের বাংলা অর্থ: সমাজতান্ত্রিক অর্থনীতির
Socialist Economy Meaning In Bengali সমাজতান্ত্রিক অর্থনীতির
Socialist Economy
Definition
1) A socialist economy is an economic system where the means of production, distribution, and exchange are owned or regulated by the community as a whole.
2) A socialist economy typically involves collective ownership of major industries and resources, with the goal of promoting economic equality and social welfare.
3) In a socialist economy, the government plays a significant role in planning and directing economic activity to ensure fair distribution of resources and opportunities among the population.
Examples
Socialist Economy Example in a sentence
1) In a socialist economy, the means of production are owned and controlled by the state.
2) The government plays a central role in planning and allocating resources in a socialist economy.
3) Socialist economies prioritize collective interests over individual profits.
4) Workers in a socialist economy often receive equal wages for their contributions.
5) Socialist economies aim to reduce income inequality through progressive taxation and social welfare programs.
6) In a socialist economy, healthcare and education are typically provided by the government.
7) Consumer choices in a socialist economy may be limited compared to a market economy.
8) Socialist economies strive to achieve social equity through redistribution of wealth.
9) The success of a socialist economy depends on efficient central planning and administration.
10) Countries like Cuba and North Korea are examples of countries with socialist economies.
Part of Speech
Socialist Economy (Noun)
Synonyms
Encyclopedia
A socialist economy is an economic system where the means of production, distribution, and exchange are owned or regulated by the community as a whole.
A socialist economy typically involves collective ownership of major industries and resources, with the goal of promoting economic equality and social welfare.
In a socialist economy, the government plays a significant role in planning and directing economic activity to ensure fair distribution of resources and opportunities among the population.
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