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CLEP Intro to Sociology

Category - Economic Inst

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Which of the following is a characteristic of pure socialism?

Private property
For-profit companies
State ownership
Stockholders in corporations

Explanation

Answer: C - State ownership is the only characteristic of pure socialism listed. The other answers are all characteristics of a capitalist economy. Socialist economies are also characterized by socialized services and state regulation of economic practices.

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CLEP Intro to Sociology

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