NABTEB Economics 2025 Objective — Question 40

Question 40 of 60 from the National Business and Technical Examinations Board (NABTEB) Economics 2025 Objective paper, with the correct answer and a full explanation.

The following are features of socialist economy except

A. absence of economic rivalry
B. equitable distribution of income
C. non-profit oriented

Explanation

Socialist economies focus on collective welfare rather than profit maximisation, which is characteristic of capitalist systems.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Economics 2025 Objective More Economics past papers