SSC SSC Selection Post (Phase 13) 2025 Mock Test General Knowledge Economy National Income Accounting
Which one of the following central features is not associated with Socialist Economy?
1
The whole foundation of a socialist economy is founded on socio-economic goals.
2
Under a socialist economy, every citizen is guaranteed basic necessities such as food, clothes, and shelter.
3
In a socialist economy, the price system is known as managed pricing.
4
Private enterprises or people are permitted to create goods and services freely.