QUESTION 49 The system of govemment that advocates govemmental ownership or cont

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QUESTION 49 The system of govemment that advocates govemmental ownership or control of the basic means of production, distribution and exchange and where profit is not the alm is known as a capitalism Ob communism O socialism o d fascism QUESTION 50 The World Bank was established at Bretton Woods and is the leading international lending institution working primarily with developing countries to promote economic and social progress by providing loans, technical assistance capital investment and help with economic development plans O True False Click Save and Submit to saue and submit, Click Save All Answers to sqve all answers Save All AnswersClose

Explanation / Answer

Question 49: the answer is option c

Socialism is the system of government where government owns and controls the basic means of production, distribution and exchange. The aim is not profit but social welfare.

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