Question

Javier left his home country to become a gardener for a family in a suburb of San Francisco, California. One of the benefits of his new job is he can attend the community college near the family's home. However, when he arrived, he experienced the differences from a predominately socialist nation and a capitalist nation. Javier was dismayed to learn that public transportation in California was limited and expensive, making it difficult to get to school. For a negligible fee, the government in his home country provided public transportation for everyone. Javier's home country's economic system was more characteristic of ___________.

Answer 1

Socialist economic system.

Step-by-step explanation:

Types of economic system:

-Capitalism (Market Economy)

-Socialism (Planned economy)

-Mixed (Capitalism + Socialism)

Socialists argue that socialism would allow for wealth to be distributed based on how much one contributes to society, as opposed to how much capital one holds.

A primary goal of socialism is social equality and a distribution of Wealth based on one’s contribution to society and an economic arrangement that would serve the interests of society as a whole.

Features of Socialism:

-Social Ownership of means of production

-Existance of public sector

-Decisive role of Economic Planning

-Production guided by Social Benefits

-Abolition of exploitation of labour