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All of the following are true about socialism except - A. Individuals own the factors of production and businesses. B.The government owns businesses that provide

All of the following are true about socialism except -

A. Individuals own the factors of production and businesses.

B.The government owns businesses that provide some of peoples basic needs.

C. In socialistic societies, the rate of taxation is higher than in capitalistic societies.

D.Socialism promotes social and income inequality.

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