NCEA Level 3 Social Studies Practice Questions - New Zealand NCEA Level 3 Social Studies Exam

What is a core value of Socialist ideology regarding societal organisation?

Unrestricted free-market competition as the sole driver of human prosperity Complete reliance on private charity and philanthropic patronage to replace public welfare Collective ownership or state regulation of key resources to promote social equality and universal welfare Total deregulation of industrial labor standards to maximize corporate profitability

Correct Answer:

Collective ownership or state regulation of key resources to promote social equality and universal welfare

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