Which one of the following is an economic system that is typically found in contemporary societies ?
Correct answer: A. socialism
- A. socialism
- B. feudalism
- C. slavery
- D. all of these
Explanation
Socialism is an economic system still found in contemporary societies, although modern economies often combine socialist and capitalist features. Feudalism and slavery are historical systems rather than the standard answer for a contemporary economic system.
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Practise Social Institutions
141 free Social Institutions MCQs from Sociology, each with the correct answer and an explanation. Unlimited attempts, no account needed.
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