Question

For what purpose are goods and services produced in a socialist economy?

profits
their usefulness
to create demand
to meet all consumer needs

Answer 1

Their usefullness. Socialism economically benefits all members of society. In Socialism, the goods of the society are priced not for profit but rather for affordibility. The goal is to create an equal society with no economic gaps and a government that provides regulation and controls on prices so the economy can continue to be as equal as possible.

Answer 2

For what purpose are goods and services produced in a socialist economy?

Answer: Out of all the options shown above the one that is correct is answer choice is their usefulness. The purpose that goods and services produced in a socialist economy is to provide the people what they need.

I hope it helps, Regards.