Socialists believe economic equality is only possible if _____.

Socialists believe economic equality is only possible if the public controls the economy. Socialism is a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

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Tabbey Tabbey · Answer 2 · 2019-05-04T13:21:07+02:00

Answer: Socialists believe economic equality is only possible if wealth are distributed evenly throughout the society.

Explanation:

A socialist is an individual who is in supports of a political or economic philosophy that says means of production and distribution of goods should be collectively owned by individuals or government rather than private companies.

Socialism refers to an economic system in which the factors of production are equally owned by individuals. It advocates that the means of production and distribution of goods should be collectively owned by individuals or government. The ownership can be achieved through a democratically elected government.