Which of the following advocates equitable distribution of wealth?
Answer Details
Socialism advocates for equitable distribution of wealth.
Socialism is a political and economic system in which the means of production, such as factories, farms, and other resources, are owned and controlled by the community as a whole, rather than by individuals or corporations. Under socialism, wealth is distributed more equitably among all members of society, with the goal of reducing poverty, inequality, and social stratification.
In a socialist system, the government plays a large role in ensuring that wealth is distributed equitably. This may include implementing progressive taxation policies, providing social welfare programs, and regulating the economy to prevent extreme wealth accumulation by a small group of individuals.
Overall, socialism seeks to create a more equal and just society by reducing the power and influence of the wealthy and promoting greater economic and social equality among all members of society. It is seen as a response to the inequalities and injustices that can arise under capitalist systems, which prioritize profit over the welfare of the community.