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What is true in a socialist economy? The government owns all businesses, large and...

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Accounting

What is true in a socialist economy? The government owns all businesses, large and small. Everyone works for government organizations. Competition is restricted in basic industries. Consumers have a wide choice of goods and services. Demand and supply have no role to play in the pricing of products and services.
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What is true in a socialist economy? The government owns all businesses, large and small. Everyone works for government organizations. Competition is restricted in basic industries. Consumers have a wide choice of goods and services. Demand and supply have no role to play in the pricing of products and services

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