cdaniel56
contestada

For what purpose are goods and services produced in a socialist economy?
A. profits
B. their usefulness
C. to create demand
D. to meet all consumer needs

Respuesta :

Hi, happy to help!
D. to meet all consumer needs!
As meeting consumer needs is the only way to make profit!

Answer: To meet all consumer needs

Explanation: In a socialist economy good and services are produces for direct use. Unlike a capitalist economy where goods and services are produced to earn profits. The purpose of producing goods in a socialist economy is to utilise the economy's scarce resources in a way that maximum consumer needs can be satisfied.

Thus, option D- to meet all consumer needs is the correct choice.