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Earn +20 ptsQ: What are examples of equality in the us economy?
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What are the six social goals of the US economy?
freedom , efficiency , equality , stability, security, and growth.
What type of economy does the US have and what are some examples?
the US has a democracy and its economy is free.
Socialists believe economic equality is only possblie if?
the public controls the economy.
What is the definition of economic equality?
Economic equality refers to an economy in that all of the inhabitants are equally wealthy, and have the same status in the economy, because they have had the same opportunities, non discriminant on race, gender, skill, culture, or wealth condensation.
Does a planned economy provide equality of wealth?
That would depend completely on the kind of economy being planned. Some plans/ideas for economies, such as those of the Venus Project, do emphasise equality of wealth. Other planned economies, as seen with many communist systems historically, do not provide equality of wealth.
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