QuestionJuly 30, 2025

Which of the following economic systems in theory seeks to eliminate poverty through economic regulation of the economy and high taxes that allow the government to provide basic needs to all citizens? free market economy communism socialism capitalism

Which of the following economic systems in theory seeks to eliminate poverty through economic regulation of the economy and high taxes that allow the government to provide basic needs to all citizens? free market economy communism socialism capitalism
Which of the following economic systems in theory seeks to eliminate poverty through economic regulation of
the economy and high taxes that allow the government to provide basic needs to all citizens?
free market economy
communism
socialism
capitalism

Solution
4.7(250 votes)

Answer

Socialism Explanation 1. Identify the economic system Socialism seeks to eliminate poverty through economic regulation and high taxes, allowing the government to provide basic needs to all citizens.

Explanation

1. Identify the economic system<br /> Socialism seeks to eliminate poverty through economic regulation and high taxes, allowing the government to provide basic needs to all citizens.
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