Democratic socialism is an ideology that______________?
Correct answer: D. seeks to provide essential services to all
- A. preaches hatred of the state
- B. demands total nationalization of the economy
- C. stresses class struggle
- D. seeks to provide essential services to all
Explanation
Democratic socialism generally supports political democracy alongside public provision or regulation of basic necessities such as health, education, and social security. It does not necessarily require total nationalization of every part of the economy.
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Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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