According to the socialist ideology, wealth should be unequally shared in society.

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True

False

answer is B.

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Detailed Solution

The above statement is false.
Socialist ideology strives to create an egalitarian society where everybody gets equal social, political, and economic opportunities. They want the enterprises, organisations, and corporations of the country to be state-owned rather than privately owned. Apart from that, the factors of production—labour, capital goods, natural resources, and entrepreneurship—should be controlled by the state. In such a society, everyone receives equal benefits. Goods are distributed among individuals based on their needs rather than their means. If one wants to acquire more than he needs, he must discover a means to do so. The correct statement should be that according to the socialist ideology, wealth should be equally shared in society.

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